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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.
Q Technology (Group) (HKG:1478) May Have Issues Allocating Its Capital
Hong Kong Stock Announcement | The public offering of Maoge Ping has received a subscription rate of 919.18 times.
In November, q tech (01478) sold approximately 40.306 million mobile camera modules, an increase of 5.4% compared to the previous month.
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