M N 12 Mar 2024 CMB International Global Markets | Equity Research | Company Update Intron Tech (1760 HK) FY23E Preview: industry headwinds mostly priced in; Awaiting recovery in FY24E Target Price HK$6.10 Intron Tech will announce its FY23 results next week. We estimate FY23E (Previous TP HK$6.37) revenue of RMB 5.76bn (+19% YoY) and net income of RMB 319mn (-23% Up/Downside 203.7% YoY), mainly due to pricing pressure from downstream OEM, weaker cloud Current Price HK$2.01 server, higher R&D expenses and i ...