DBS Group Research says Luxshare Precision, as a core iPhone supplier, may be
more resilient than typical Android-phone ODMs. Memory-chip shortages and a
slower recovery in low- and mid-tier Android phones and tablets have pressured
shipments and factory utilisation. DBS says high-end customers including Apple
should underpin its electronic-components business; new product ramps, share
gains and growing participation in AI wearables could partially offset the
weakness. DBS maintains a RAISE rating and a 64 yuan PT.
