- Net Income Growth: Shenzhen Transsion reported a net income of 2.85 billion yuan for the first half of 2024, a 36% increase year-over-year from 2.10 billion yuan.
- Revenue Increase: The company’s revenue reached 34.56 billion yuan, marking a 38% rise from the previous year.
- Analyst Ratings: The stock has garnered positive attention with 21 buy ratings, 2 hold ratings, and no sell ratings.
- Comparative Performance: Growth comparisons are based on figures from the company’s original disclosures.
Shenzhen Transsion Holdings on Smartkarma
Analyst coverage of Shenzhen Transsion Holdings on Smartkarma by Ming Lu reveals positive sentiments towards the company. According to the research report titled “Transsion (688036 CH): Global No. 4 Smartphone Producer, Revenue Up by 88% YoY in 1Q24,” Transsion is currently the world’s fourth-largest smartphone producer. In the first quarter of 2024, the company experienced a significant 34% year-over-year increase in shipments and an impressive 88% year-over-year growth in revenue. The report also highlights that IDC has recognized Transsion as the global No. 4 smartphone producer. Ming Lu projects a 17% upside potential for the stock, setting a price target of RMB100.00.
A look at Shenzhen Transsion Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Shenzhen Transsion Holdings, a company specializing in the production and sale of mobile phones, has received a mixed outlook based on Smartkarma Smart Scores. With strong scores in Dividend, Growth, Resilience, and Momentum, the company seems well-positioned for long-term success in the mobile phone market. Its high scores in Dividend, Growth, and Resilience point towards stability and potential for future expansion, while the lower score in Value may indicate that the market has recognized its growth potential.
Shenzhen Transsion Holdings is particularly noteworthy for its focus on dividends and growth, suggesting a commitment to providing returns to investors while also continuously expanding its market presence. The company’s resilience score further adds to its positive outlook, indicating its ability to weather challenges and adapt to market fluctuations. Overall, Shenzhen Transsion Holdings appears to be a solid player in the mobile phone industry with promising prospects for the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
