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Q Technology (Group) Company Limited (HKG:1478) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected
Certain smartphone industry stocks are supported against the market trend. Q TECH (01478) rose by 2.05%. Morgan Stanley expects the subsidy policy to act as a short-term Bullish catalyst.
Jinwu Financial News | Some mobile 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 indicating that Jiangxi Province announced a subsidy of 15% of the Fill Price for individual Consumers purchasing mobile phones and tablets from participating merchants, with each subsidy not exceeding 1,000 yuan. The report noted that Jiangxi is the third province in the mainland to announce such a policy, and it is believed that other provinces may follow suit.
Hong Kong stocks fluctuate | The mobile phone Industry Chain saw a broad rise in early trading, with multiple regions announcing subsidies for Consumer Electronics, expected to stimulate a strong recovery in the sales of mobile phones and more.
The smartphone Industry Chain saw widespread gains in early trading. As of this report, Sunny Optical (02382) was up 3.31%, trading at HKD 67.2; Q TECH (01478) was up 2.23%, trading at HKD 6.43; BYD Electronics (00285) was up 1.68%, trading at HKD 42.45; AAC TECH (02018) was up 1.29%, trading at HKD 39.3.
Large bank rating | Citibank: q tech's FPM shipment volume exceeds expectations and will continue to grow.
Citigroup released a report indicating that due to q tech (1478.HK) benefiting from the strong performance of flagship models from vivo, Honor, and Huawei in October, demand in November is stronger than expected, allowing for some elasticity in the shipments of the 32MP+ models in November. It is anticipated that shipments of mobile camera modules (CCM) in December will be driven by the continued launch of flagship models, although this is partially offset by year-end inventory adjustments from its clients. At the same time, it is believed that a better product mix and higher average selling prices will drive growth in shipments of ultrasonic fingerprint modules (FPM). The rating is maintained as "Neutral" with a target price of 4.6 HKD.
Citi: Maintains q tech (01478) "Neutral" rating with a target price of 4.6 Hong Kong dollars.
Citi expects that q tech's smartphone camera module (CCM) shipments in December will be driven by the continuous release of flagship models.
Announcement highlights | Longfor Group's sales exceeded 90 billion yuan this year; Mao Geping announced the lottery results, listed this morning.
In the first 11 months, longfor group achieved a total contract sales amount of 93 billion yuan, with contract sales of 8.5 billion yuan in November; cspc pharma's application for marketing approval for SYHX2011 to treat advanced breast cancer was accepted.
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