Anker May Benefit From Strong iPhone Accessories Demand -- Market Talk
Anker May Benefit From Strong iPhone Accessories Demand -- Market Talk
0155 GMT - Anker Innovations Technology's new products with higher average selling prices could help to offset some pressure from higher raw material prices, Daiwa Capital says. The company is likely to gain from strong consumer demand for iPhone 13 accessories from 4Q, and Daiwa notes Anker has been expanding its product categories to attract more clients. High sea-freight costs should have a limited impact on Anker, as the company has been stocking up inventory at its self-owned overseas warehouses. Daiwa maintains a buy rating but cuts its target price to CNY125 from CNY135, citing weaker-than-expected 3Q earnings. Shares slide 7.9% lower to CNY92.96. (justina.lee@wsj.com)
0155GMT-大和资本表示，Anker Innovation Technology的新产品平均售价较高，可能有助于抵消原材料价格上涨带来的一些压力。从第四季度开始，消费者对iPhone13配件的强劲需求可能会让该公司受益，大和指出，Anker一直在扩大产品类别，以吸引更多客户。高昂的海运成本对Anker的影响应该是有限的，因为该公司一直在自己拥有的海外仓库囤积库存。大和维持买入评级，但将目标价从135元下调至125元，理由是第三季度收益弱于预期。股价下跌7.9%，至人民币92.96元。(justina.lee@wsj.com)