QNA Technology S.A. Maintains Buy Rating with PLN 51 Target

First Berlin Equity Research has reiterated its BUY recommendation for QNA Technology S.A., setting a target price of PLN 51. Analyst Alexander Rihane supports the unchanged price target following the company's first-half financial results. Operating costs increased by 26% year-over-year to PLN 6.2 million, mainly due to workforce expansion. Despite costs exceeding projections, First Berlin plans to observe third-quarter developments before revising forecasts.

Near-term value drivers include potential joint ventures or agreements with a display producer, advancements in plastic recycling through 'Reborn Materials,' and possible non-display sector deals. The unchanged target highlights a potential upside of 46% for investors.