BOCI Initiates Coverage on FORTIOR (01304) with "Buy" Rating, Target Price HK$240.5

Stock News

Oct 06

FORTIOR (01304) is a leading Chinese fabless company specializing in brushless DC motor (BLDC) drive chips. The company is expected to consolidate its leading position in consumer electronics and home appliances while continuously expanding market share in emerging sectors including industrial, automotive, and robotics applications.

Leveraging its technological expertise in electromagnetic induction, the company is focusing on developing high-precision sensors, particularly rotary transformers/decoders, which are anticipated to secure orders across multiple high-end market segments.

Financial projections indicate that FORTIOR's revenue compound annual growth rate (CAGR) from 2024 to 2027 is expected to reach 42%, while net profit CAGR is projected at 40% over the same period.

BOCI has initiated coverage on the stock with a "Buy" rating and a target price of HK$240.5, representing 55 times the expected 2026 earnings per share.

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