Client WinsAnalyst reiterates a positive view on TK Group's client wins, including Meta, Insta360, and Xiaomi, as well as the product pipeline in AI glasses and 360-cam.
Financial PerformanceRevenue and net profit growth are largely in-line with consensus estimates, driven by strong higher-margin mold fabrication business and improved operating efficiency.
ValuationThe stock is considered attractive, trading at a relatively low price-to-earnings ratio with a 6.4% yield and net cash of HK$1,067 million.