Debang securities gave Shanghai Friendess Electronic Technology Corporation Limited(688188) buy rating, 2022q1 deduction of non parent net profit of – 9.9% year-on-year was 102 million yuan, and was optimistic about the medium and long-term development of the company’s high-power, cutting head and other new businesses

Debon securities issued a research report on April 30, saying that it gave Shanghai Friendess Electronic Technology Corporation Limited(688188) ( Shanghai Friendess Electronic Technology Corporation Limited(688188) .sh, latest price: 248 yuan) a buy rating. The reasons for rating mainly include: 1) the high market share is greatly affected by the overall prosperity of the industry, and the logic of increasing the company’s high-power business share is not changed; 2) Intelligent cutting head and other businesses are fast and large-scale. Relying on the high share of the company’s cutting system, it is expected to continue to develop rapidly. Risk tip: macroeconomic growth slows down, industry competition intensifies, and the expansion of raised investment projects is less than expected.

AI comments: Shanghai Friendess Electronic Technology Corporation Limited(688188) in the past month, it has received the attention of 7 research reports of securities companies and bought 7, with an average target price of 328.4 yuan, 80.4 yuan higher than the latest price of 248 yuan, and the average target price increased by 32.42%.

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