Hong Kong stocks unusual movement: Apple supplier stocks collectively rose, rumored that Apple increased investment in Indonesia in exchange for lifting the ban on selling i16.
格隆汇 November 5th | Hong Kong stock market apple supplier stocks collectively rose, among them, Sunny Optical rose by more than 14%, Cowell rose by nearly 14%, Q Tech rose by nearly 9%, AAC Tech and BYD Electronic rose by more than 6%. On the news front, insiders said that Apple has proposed to invest nearly $10 million to the Indonesian government to build a factory, hoping Indonesia will lift the ban on selling the latest iPhone 16 locally. In addition to Apple's investment, the plan also includes Apple suppliers, who will build a factory in Wanlong in southeast Jakarta. Last month, the Indonesian Ministry of Industry banned Apple on the grounds that less than 40% of the parts for products needed to be produced in Indonesia.
Express News | Hong Kong stocks related to apple suppliers performed strongly, with Sunny Optical Technology rising more than 13%.
Exploring entry into the asia vets market! Apple supplier concept stocks strengthen in early trading, Cowell rises more than 10%, Sunny Optical Technology rises more than 4%
Apple supplier stocks strengthened in early trading. As of the time of publication, Cowell rose by 10.02%, to HKD 25.80; Sunny Optical rose by 4.17%, to HKD 51.25.
[Brokerage Focus] CMB International: Apple's FY4Q24 performance exceeds expectations, focusing on the progress of Apple Intelligence and ChatGPT integration.
Jingu Financial News | CICC International stated that Apple announced its fourth quarter financial performance for the 2024 fiscal year last Friday (November 1), with a 6% year-on-year increase in revenue and a 12% year-on-year increase in adjusted earnings per share, outperforming previous market expectations. The adjustments primarily involve one-time tax expenses related to an EU ruling, leading to a 34% year-on-year decline in unadjusted earnings per share. This quarter, iPhone business revenue and comprehensive gross margin performance exceeded market expectations. Apple achieved record-high revenues in most regions this quarter, with revenue in China narrowing significantly but still weaker than market expectations. Looking ahead.
CMB International's investment rating and target price for Apple's supply chain-related stocks (table)
China Merchants International has released a research report on Apple's supply chain related stocks, with investment ratings and target prices as follows: Stock | Investment Rating | Target Price (HKD) AAC Tech (02018.HK) | Buy | HK$37.8 BYD Electronic (00285.HK) | Buy | HK$44.4 FIT Hon Teng (06088.HK) | Buy | HK$4.3 Luxshare Precision Industry (002475.SZ) | Buy | HK$55.1 RMB Q Tech (01478.HK) | Buy | HK$6.4 Sunway
The apple supplier concept generally trended upwards. AAC Tech (02018) rose by 3.11%. It is reported that devices using the M4 Ultra chip will be launched next year.
King's Wealth News | Apple suppliers generally trend higher, aac tech (02018) rose 3.11%, q tech (01478) rose 2.07%, byd electronic (00285) rose 1.54%, cowell (01415) rose 1.28%, sunny optical (02382) rose 1.02%. According to reports, Apple plans to launch devices using the M4 Ultra chip next year. The chip is said to integrate up to 32 CPU cores and up to 80 GPU cores. Compared to the current M4 Max chip, this is twice the specification of the M4 Max chip.