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Q Technology (Group) Company Limited's (HKG:1478) Intrinsic Value Is Potentially 48% Above Its Share Price
Apple Supplier stocks generally declined, COWELL (01415) fell by 4.03%. In the fourth quarter of last year, Apple's sales in China decreased by 18%.
Jingu Finance News | Apple Supplier stocks fell overall, COWELL (01415) down 4.03%, SUNNY OPTICAL (02382) down 3.77%, AAC TECH (02018) down 3.38%, Q TECH (01478) down 2.86%. According to market research institutions Counterpoint Research, in the fourth quarter of 2024, sales of Smart Phones of USA's Apple in China fell by 18%, lagging behind local brands Huawei and Xiaomi. Among them, Huawei's phone sales increased by 15.5%. The popularity of Apple phones in China is declining.
In February, the market is Bullish on two major Bullish Sectors expected to continue rising.
After two consecutive declines, the Hang Seng Index rose again last Friday, closing above 20,000 points. In the market commentary published on Thursday (January 23), it was stated that referring to the Hang Seng Index closing positions over the past three days (January 20 to 22), and observing a 'Doji' candlestick on Tuesday, a 'top baby abandonment' bearish pattern has formed. Additionally, from January 14 to 21, the Hang Seng Index has cumulatively risen over 1,200 points, with a reasonable retracement of about one-third expected, and the index should return to the 19,700-point level for significant support. On Wednesday, it closed at 19,778 points, slightly above 19,700 points, and in conjunction with the appearance of the 'top baby abandonment,' two remaining weeks are believed to show improvement.
Special contributor Deng Shengxing: The results of this week's Federal Reserve meeting may affect the performance of Hong Kong stocks.
Kingwoo Financial News | The Hang Seng Index closed at 20,066 on Friday (24th), up 365 points or 1.9%. The market had a total turnover of 159.8 billion yuan for the day. The National Index rose by 147 points or 2.1%, reaching 7,312. The Science and Technology Index increased by 142 points or 3.1%, closing at 4,657. The mainland stock market performed well, with the SSE Composite Index rising by 22 points or 0.7%, reaching 3,252; the Shenzhen Component Index increased by 1.2%. Sunny Optical (02382) hit a 52-week high, soaring 8% at close, making it the best-performing blue chip. Ten blue chips declined, with ENN ENERGY (02688) falling by 3.2%, the worst performer. The Dow Jones Industrial Average closed at 4,442 on Friday (24th).
[Brokerage Focus] CMB International: The global AI Asia Vets eyewear market is expected to take off in 2025.
Jinwu Financial News | CCB International stated that in 2024, the Global AI smart glasses shipment volume is expected to increase by 588% year-on-year, reaching 2.34 million units, attributed to strong sales of RayBanMeta in the fourth quarter (quarter-on-quarter growth of 183% to 1.36 million units). Looking ahead to 2025, the AI smart glasses market is expected to continue its strong growth momentum, with an anticipated year-on-year increase of 135%, reaching 5.5 million units, benefiting from strong product launches from Meta, Xiaomi, ByteDance, Thunderbird, and Rokid. As more players expand into AI smart glasses products, the company expects the BOM costs to gradually decline.
Hong Kong stock movement | Q TECH (01478) rises more than 6% again, with annual net profit expected to grow by up to 2.8 times. Profit improvement of mobile camera modules is expected to continue.
Q TECH (01478) rose over 6% again, as of the time of writing, up by 5.4%, reported at 7.22 HKD, with a trading volume of 39.7556 million HKD.
