Stonegate Capital Partners Updates Coverage on Borqs Technologies Inc. (BRQS) 2H 2022

Rhea-AI Summary

Stonegate Capital Partners updates their coverage on Borqs Technologies Inc.

Positive

• Transition to AIoT is underway
• HHE divestiture already has potential buyer
• Strong cash position gives BRQS flexibility

Negative

• None.

Dallas, Texas--(Newsfile Corp. - May 30, 2023) - Borqs Technologies Inc. (NASDAQ: BRQS): Stonegate Capital Partners updates their coverage on Borqs Technologies Inc. The full report can be accessed by clicking on the following link: https://stonegateinc.com/download/brqs-2h-2022/?wpdmdl=570&refresh=6476507693ecb1685475446

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Transition to AIoT is underway
• HHE divestiture already has potential buyer
• Strong cash position gives BRQS flexibility

Click image above to view full announcement.

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About StonegateStonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168050

FAQ

What is the update on Borqs Technologies Inc. coverage?

Stonegate Capital Partners has updated their coverage on Borqs Technologies Inc.

What is the key takeaway from the update?

The key takeaways are that the transition to AIoT is underway, HHE divestiture already has a potential buyer, and BRQS has a strong cash position giving them flexibility.