Guotai Junan Securities: Initiate coverage on GigaDevice Semiconductor (01415.HK) with a "Buy" rating and a target price of HKD 48.38.

Chi Tong Financial APP learned that Guojin Securities released a research report stating that it is covering Gao Wei Electronics (01415.HK) for the first time, giving it a "buy" rating. It is estimated that the company's net profit attributable to its parent company will reach $191 million, $225 million, and $336 million in the years 2025-2027, corresponding to PEs of 19 times, 17 times, and 11 times. The company is given a 24 times PE for the year 2026, corresponding to a target market value of 41.99 billion Hong Kong dollars and a target price of 48.38 Hong Kong dollars per share.