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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.
Hong Kong stocks movement | BYD Electronic (00285) rises over 9% leading the apple supplier stocks as apple announces an expansion of retail trade in Saudi Arabia.
Apple supplier stocks strengthened during the session. As of the news release, BYD Electronics (00285) rose by 9.67%, trading at 43.1 Hong Kong dollars; sunny optical (02382) increased by 4.29%, trading at 65.6 Hong Kong dollars; q tech (01478) increased by 4.23%, trading at 6.4 Hong Kong dollars; cowell (01415) rose by 2.73%, trading at 28.25 Hong Kong dollars; aac tech (02018) increased by 1.76%, trading at 37.55 Hong Kong dollars.
Hong Kong stock concept tracking | Orders increased by 30% to 17 million units! The Huawei Mate 70 series is "soaring" as consumer electronics sound the horn of recovery (with related stocks included).
According to the news from Wall Street Journal, Huawei's Mate 70 series has increased orders by 30%, with the total stockpiling quantity raised to 17 million units.
Hong Kong stocks abnormal | Apple supplier stocks rose, q tech (01478) surged over 9%. Institutions bullish on the positive pull of the industry chain in the first quarter of next year.
Apple supplier stocks are rising. As of the time of this report, q tech (01478) is up 9.18%, trading at 6.66 HKD; byd electronics (00285) is up 5.05%, trading at 39.5 HKD; aac tech (02018) is up 3.51%, trading at 38.35 HKD.
The apple supplier concept has shown some gains, with BYD Electronics (00285) up 3.59%. Institutions indicate that the revenue of the apple supplier companies is expected to grow significantly in the first quarter of next year.
Jingu Finance | Some apple suppliers rose, BYD Electronics (00285) increased by 3.59%, q tech (01478) rose by 2.62%, cowell (01415) increased by 1.27%, vstecs (00856) rose by 1.17%, aac tech (02018) followed with an increase of 0.4%. Nomura believes that due to the long design cycle of apple products (usually at least 1.5-2 years), the iPhone 16 series launched this year has not fully adapted hardware to AI applications, and the iPhone 17 series in the second half of next year may be the first truly apple product.
