Jinwu Financial News | Some smartphone industry stocks have support against the market, Q TECH (01478) rose by 2.05%, SUNNY OPTICAL (02382) rose by 1.15%, and AAC TECH (02018) rose by 0.91%.
Morgan Stanley published a research report stating that Jiangxi Province has announced a subsidy of 15% on the final Fill Price for personal consumers purchasing Smart Phones and tablets from participating merchants, with each subsidy not exceeding 1,000 yuan. The report points out that Jiangxi is the third province in mainland China to announce such a policy, and believes that other provinces may follow suit. The report indicates that the subsidy policy will serve as a short-term Bullish catalyst for Smart Phone OEM production and supply chains, and believes that Xiaomi (01810), SUNNY OPTICAL, AAC TECH, BYD Electronics (00285), and Q TECH will be the main beneficiaries.
