On August 6, JPMorgan Chase released a research report, initiating coverage on GoWin (01415.HK) with an 'Overweight' rating and a target price of HK$44. The report highlights that over 90% of GoWin's revenue stems from Apple orders. Despite the consistent global growth in iPhone shipments, JPMorgan Chase is optimistic that the company stands to expand further through specification upgrades in camera lenses. It projects that the increased proportion of high-end models will propel the market size of iPhone RGB camera modules from approximately US$15.3 billion in 2024 to roughly US$17.6 billion by 2027. Furthermore, JPMorgan Chase is bullish on GoWin's substantial market share growth in the rear camera module segment, forecasting a compound annual revenue growth rate of 25% from 2024 to 2027. Taking into account additional contributions from non-iPhone products, JPMorgan Chase advises investors to position themselves ahead of the company's interim results announcement.