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Hong Kong stocks abnormal | Q Tech (01478) rose more than 5%, leading the rise in Apple suppliers. Apple showed a relatively positive attitude towards Apple Intelligence.
Apple supplier stocks surged in early trading. As of press time, Q Tech (01478) rose 4.09% to 4.07 Hong Kong dollars; AAC Tech (02018) rose 2.95% to 26.15 Hong Kong dollars; BYD Electronic (00285) rose 1.54% to 29.6 Hong Kong dollars; and Sunway Optoelectronics (02382) rose 1.64% to 43.4 Hong Kong dollars.
The mobile industry chain is generally on the rise. Q Tech (01478) rose by 4.86%. Institutions stated that the prospect of the mobile industry chain is a stable recovery.
Jingu Cai Xun | Mobile industry chain generally rising, as of press time, Q-Tech (01478) rose 4.86%, AAC Tech (02018) rose 3.74%, Sunny Optical (02382) rose 1.41%, BYD Electronic (00285) rose 1.2%, with Xiaomi (01810) following. CMB International believes that the technology sector currently has good allocation opportunities, and continues to be bullish on high growth in AI computing power demand and end-side AI innovation, as well as the continuous improvement of the mobile phone/PC demand and industry chain performance. The mobile phone industry chain (Apple/Xiaomi/Qualcomm/MediaTek) is expected to remain stable.
With A 26% Price Drop For AAC Technologies Holdings Inc. (HKG:2018) You'll Still Get What You Pay For
AAC Tech (02018.HK) plans to hold a board of directors meeting on August 22 to approve its interim performance.
AAC Tech (02018.HK) announced on August 9th that the board of directors will convene a meeting on Thursday, August 22, 2024 to approve, among other things, the unaudited interim results of the Company and its subsidiaries for the six months ended June 30, 2024, and consider the recommendation of an interim dividend, if any.
AAC TECH: DATE OF BOARD MEETING
[Brokerage Focus] CMB International is optimistic about the technology industry and expects the sector to have good allocation opportunities at present.
King's Financial News | CMB International expresses an optimistic attitude towards the technology sector. Recently, the global technology sector has seen a correction, mainly due to concerns about the global economic slowdown, impact of the appreciation of the yen, mixed performance of overseas technology leaders, and the postponement of GB200 new products. On the fundamental side, the consumer terminal is steadily recovering, AI computing power demand continues to increase, some industrial demand has reached its bottom, and demand for autos is weak. Looking ahead, the bank believes that the technology sector currently has good allocation opportunities and continues to be bullish on high-growth AI computing power demand and innovative growth in the end-side AI, recovery of mobile/PC demand, and continuous improvement of industry chain performance.
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