The National Development and Reform Commission: Subsidies will be provided for purchasing digital products such as mobile phones and tablets.
Implement subsidies for purchasing new digital products like mobile phones, providing subsidies to individual Consumers buying mobile phones, tablets, Asia Vets smartwatches and wristbands among these three types of digital products.
Hong Kong stock midday review | All three major Indexes have risen! Tech stocks and Golden Industrial Concept perform strongly, Xiaomi rose over 5%, and Laopu Gold increased by over 3%, with stock prices reaching new highs during the session.
Most Network Technology stocks rose, with XIAOMI-W up by 5.59% and SENSORY-W down by 3.55%; Hong Kong Retail Stocks weakened, with BOSSINI INT'L rising by 5.61% and PRADA falling by 4.45%; semiconductor stocks generally increased, with CONTEL up by 11.11% and HG SEMI down by 3.33%.
The National Development and Reform Commission: The "Two New" policies will strengthen and expand efforts to implement new purchase subsidies for mobile phones and other digital products.
A responsible person from the National Development and Reform Commission stated at a press conference that by 2025, the implementation of the "two new" policies will gain more strength and expand in scope, offering greater support for "two heavy" projects. The range of equipment renewal support will be expanded to fields such as electronic information, safety production, and Agricultural Machinery. Among these, subsidies will be implemented for purchasing new digital products like mobile phones, providing personal Consumers with subsidies for purchasing three categories of digital products: mobile phones, tablets, and smartwatches. Additionally, standards will be further raised for subsidies on new energy urban buses, Battery replacements, and Agricultural Machinery scrapping and updating. There will be an increased effort to support the renewal of household consumer goods. Deputy Director of the National Development and Reform Commission, Zhao Chenxin, stated that in 2024.
Hong Kong market quick overview | Three major indexes closed lower, the Hang Seng Index fell below 0.02 million points; chip stocks and financial stocks declined, Semiconductor Manufacturing International Corporation fell nearly 9%; Golden Industrial Conc
Network Technology stocks fell, SenseTime-W dropped by 5.37%, JD-SW fell by 2.57%; Securities and Brokerage stocks weakened, Guolian declined by 8.89%, China Merchants fell by 7.25%; many Digital Health stocks went down, JD HEALTH dropped by 6.05%, Dingdang Health fell by 5.00%.
Hong Kong stocks fluctuated | Apple Supplier stocks fell widely today, Sunny Optical (02382) dropped over 5%, and Apple announced a maximum price reduction of 800 yuan.
Apple Suppliers stocks fell broadly today. As of the time of writing, Sunny Optical (02382) dropped by 5.37% to HKD 65.15; BYD Electronics (00285) fell by 5.11% to HKD 39.9; FIH (02038) decreased by 4.35% to HKD 0.88.
Cowell E Holdings Renews Supply, Labor Service Contracts
Hong Kong stocks have shown unusual movements | The entire mobile Industry Chain surged in the afternoon, driven by the potential of AI applications being implemented in mobile devices, which is expected to stimulate the replacement cycle. The old-for-new
In the afternoon, the mobile Industry Chain saw a surge, and as of the time of reporting, Sunny Optical (02382) rose by 4.06%, priced at 70.5 HKD; AAC TECH (02018) increased by 3.13%, priced at 37.95 HKD; COWELL (01415) went up by 3.2%, priced at 29 HKD; Q TECH (01478) rose by 3.52%, priced at 6.47 HKD.
Hong Kong Stock Afternoon Review | All three major Indices fell, with the Tech Index down 1%; Network Technology stocks weakened, with SenseTime down over 3%; Cryptos Concept stocks rose against the trend, with BOYAA up nearly 6%.
Network Technology stocks weakened, SenseTime-W fell by 3.23%, XIAOMI-W dropped by 2.23%; most Securities and Brokerage stocks declined, China Merchants fell by 2.96%, China International Capital Corporation dropped by 2.45%; most Apple Supplier stocks declined, TK GROUP HLDG rose by 3.45%, AAC TECH fell by 2.86%.
Major changes! Apple is reportedly developing ultra-thin and foldable iPhones.
According to reports, Apple plans to launch a thinner iPhone model than the current version starting next year, which will be cheaper than the Pro series; in addition, Apple will also develop two foldable devices, one larger that can be used as a laptop, and another smaller that can function as a foldable iPhone.
Citigroup in "The Big Bank": Apple (AAPL.US) iOS 18.2 meets expectations and holds an optimistic attitude towards the iPhone 17 update cycle.
Citigroup released a report stating that Apple (AAPL.US) announced that the release of iOS 18.2 meets expectations and maintains an optimistic attitude toward the iPhone 17 update cycle. Apple released iOS 18.2 yesterday (the 11th), which introduced multiple features of Asia Vets, including the highly anticipated integration of ChatGPT into Siri and writing tools, Image Paradise, visual intelligence, Genmoji, and achieved localized English in six countries. The firm believes that the aforementioned updates are generally in line with expectations, with the main appeal of Asia Vets.
Quick view of the Hong Kong market | All three major indexes fell, with the tech index dropping over 1%; tech stocks and Insurance stocks weakened, Bilibili fell more than 5%; FOSUN TOURISM resumed trading and rose by 80%.
Network Technology stocks fell broadly, JD-SW fell by 2.80%, MEITUAN-W fell by 2.79%; Digital Health stocks declined, ZA ONLINE fell by 1.85%, MediChina fell by 1.41%; Real Estate Developers' stocks also fell, SUNAC rose by 5.36%, SHK PPT fell by 2.55%;
Jefferies Adjusts Cowell EHoldings' Price Target to HK$35 From HK$31, Keeps at Buy
Friedrich: Reaffirm COWELL (01415) "Buy" rating, Target Price raised to 35 HKD.
Frost & Sullivan expects that COWELL will further increase its share in the non-main camera lens segment of the iPhone.
Fubon Securities raises COWELL (01415.HK) Target Price to 35 yuan, expects to further expand its share of non-main camera lenses for iPhones.
Futurology released a report predicting that COWELL (01415.HK) will further expand its share in the non-main camera lens for iPhones and penetrate the main camera lens from 2026 to 2027, gradually achieving an overall market share of 30 to 35% for rear cameras by 2028 to 2030. Apple may launch more innovative IoT products with AI capabilities, which could increase the demand for camera lenses. Futurology stated that COWELL's current price corresponds to a projected PE ratio of 17 times for next year, with a PEG ratio of only 0.5 times, while the industry average PE ratio is 21 times, with a PEG ratio of 0.8 times.
Hong Kong Stock Market Afternoon Review | The three major Indexes showed mixed results, with Gold and Medical Devices stocks rising, Siasun Robot&Automation surged over 24%, and ZHAOJIN MINING increased by over 5%.
Network Technology stocks declined, with Bilibili-W falling by 2.93% and SenseTime-W dropping by 1.25%; Golden Industrial Concept stocks strengthened, as LINGBAO GOLD rose by 6.18% and ZHAOJIN MINING increased by 5.47%; Insurance stocks decreased, with China Pacific Insurance down by 2.08% and New China Life Insurance falling by 1.34%;
COWELL (01415) issued 0.17 million shares due to the exercise of stock options.
COWELL (01415) announced that a total of 17 shares will be issued due to the exercise of stock options on December 10, 2024...
Honk Kong Market Overview | All three major indices fell, with the Technology Index down over 1%; domestic property stocks and China-Affiliated Brokerage stocks declined, with SenseTime leading the decline in Network Technology stocks, down over 13%; Mao
Network technology stocks generally fell, SenseTime-W dropped 13.51%, Kuaishou-W fell 2.68%; most apple supplier stocks declined, Cowell fell 5.59%, BYD Electronics dropped 3.73%; most biotechnology stocks decreased, Jingtai Holdings-P fell 7.68%, beigene dropped 5.68%;
Hong Kong Market Quick Look | Hong Kong stocks soared at the end of the trading session, with the tech index rising over 4%, and Meituan up nearly 6%; domestic property stocks and china-affiliated brokerage stocks surged significantly, with sunac rising o
The Hong Kong stock market significantly surged in the final hours, with the tech index rising over 4%, leading the gains. Most network technology stocks increased, with SenseTime rising 8.19% and netease up 6.04%; apple suppliers saw widespread increases, with BYD Electronics rising 9.29% and q tech up 6.84%; securities and brokerage stocks also climbed, with china merchants increasing by 13.65% and everbright rising 7.82%;
Hong Kong stock market afternoon review | All three indices declined, while biomedical, apple supplier, and aviation/airlines industry rose against the trend, with wuxi apptec and wuxi bio both increasing over 8%, air china limited rising over 7%, and BYD
Network technology stocks performed poorly, with Kuaishou-W down 3.05%, NetEase-S up 2.53%; multiple Hong Kong retail stocks declined, Prada dropped 3.03%, Bonjour Holdings rose 2.27%; biotechnology stocks generally rose, Wuxi Apptec rose 8.24%, Wuxi Bio rose 8.07%;
Hong Kong stocks movement | BYD Electronic (00285) rises over 9% leading the apple supplier stocks as apple announces an expansion of retail trade in Saudi Arabia.
Apple supplier stocks strengthened during the session. As of the news release, BYD Electronics (00285) rose by 9.67%, trading at 43.1 Hong Kong dollars; sunny optical (02382) increased by 4.29%, trading at 65.6 Hong Kong dollars; q tech (01478) increased by 4.23%, trading at 6.4 Hong Kong dollars; cowell (01415) rose by 2.73%, trading at 28.25 Hong Kong dollars; aac tech (02018) increased by 1.76%, trading at 37.55 Hong Kong dollars.
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