HK-listed Cowell hits record high on earnings beat

Shares of Apple AAPL.O supplier Cowell e Holdings 1415.HK jump 12.8% to record high of HK$33.6

Stock on track for biggest one-day pct gain since November 5, 2024

The supplier of delicate optical modules for electronic mobile devices says its 2024 net profit attributable jumped 155.5% y/y, revenue up 170% y/y

Jefferies reiterates "buy" rating and lifts price target to HK$40 from HK$36, saying a decent beat in Cowell's 2H24 revenue, net profit and gross margin

Jefferies sees Cowell on track for market share gain on iPhone rear camera with various emerging opportunities, including potential proliferation of robotic, which could be a revenue source for Cowell

Hang Seng Tech Index .HSTECH drops 2.9%, Hang Seng Index .HSI falls 1.9%

Stock up 14.3% YTD