CLSA maintains Outperform on Amber with a ?8,100 target, citing Oppo India manufacturing agreement covering Oppo, OnePlus, Realme.
Amber sees 10–15mn phone opportunity, valuation upside, diversification benefits, and competitive pressure for incumbents like Dixon.
Livesquawk ?
JPMorgan maintains Neutral on Amber Enterprises, sets ?7,650 target citing OPPO collaboration in mobile manufacturing.
Move may dilute margins (~3% EBITDA vs ~8% core) and limit Dixon's outsourcing; clarity needed on capital commitment, volumes.