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Is FIH Mobile (HKG:2038) Using Too Much Debt?
HK stocks abnormal movement | Mobile phone industry chain rebounded in the morning, Sunny Optical (02382) rose more than 4%, entering the traditional peak season for consumer electronics in the second half of the year.
The mobile industry chain rebounded in early trading, as of the time of publication, Cowell (01415) rose 4.39% to HK$23.75; Sunny Optical (02382) rose 4.41% to HK$56.85; Q Tech (01478) rose 3.45% to HK$5.69; FIH (02038) rose 3.41% to HK$0.91.
The mobile industry chain remained strong in the afternoon, q tech (01478) rose by 5.79%. Mainland China's mobile shipments in the first eight months increased by 16.6% year-on-year.
Jingu Information | The mobile industry chain maintained a strong performance in the afternoon, with Q Tech (01478) up 5.79%, Cowell (01415) up 4.92%, Chinasoft Int'l (00354) up 4.81%, BYD Electronic (00285) up 4.37%, Sunny Optical (02382) up 4.07%, and FIH (02038) up 2.38%. Statistics published by China Academy of Information and Communications Technology show that the mobile shipment volume in the domestic market in August reached 24.047 million units, a year-on-year increase of 26.7%. Among them, 5G smartphones accounted for 19.754 million units, up 26% year-on-year.
FIH: INTERIM REPORT 2024
Many apple suppliers are under pressure. Byd Electronic (00285) fell 3.1%. The first weekend pre-order sales of the iPhone 16 series decreased by about 12.7% compared to the same period last year.
Golden Finance News | Most Apple supplier stocks are under pressure, with BYD Electronic (00285) down 3.1%, FIH (02038) down 2.63%, VSTECs (00856) down 2.38%, AAC Tech (02018) down 1.24%, and Sunny Optical (02382) down 0.11%. In terms of news, Guo Mingqi, an analyst at TF International, said that the pre-order sales of the iPhone 16 series in the first weekend are estimated to be about 37 million units, a year-on-year decrease of about 12.7% compared to the first weekend sales of the iPhone 15 series last year. The key lies in the iPhone 16.
Further Weakness as FIH Mobile (HKG:2038) Drops 6.2% This Week, Taking Five-year Losses to 39%
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Pmacshark : Time to push