Hong Kong stock movement | Sunny Optical (02382) rose over 3% in the afternoon. The continuous innovation and upgrade of mobile phone optics are expected to benefit from the Consumer Electronics subsidy policy.

Sunny Optical (02382) rose more than 3% in the afternoon; as of the time of writing, it increased by 3.06%, priced at 67.4 Hong Kong dollars, with a transaction amount of 0.45 billion Hong Kong dollars.

Zhitong Finance00:55 ET

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.

Jinwu Financial News21:48 ET

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.

Zhitong FinanceDec 11 20:39 ET

SUNNY OPTICAL (02382.HK) received an additional Shareholding of 2.17 million shares from JPMorgan.

On December 12, according to the latest equity disclosure by the Stock Exchange, on December 6, 2024, SUNNY OPTICAL (02382.HK) was further acquired by JPMORGANCHASECO at an average price of HK$62.6187 per share, with an increase of 2.17 million shares, involving approximately HK$0.136 billion. After the shareholding increase, the latest number of shares held by JPMORGANCHASECO is 56,174,480 shares, with the shareholding percentage rising from 4.93% to 5.13%.

Gelonghui FinanceDec 11 18:18 ET

Morgan Stanley: Gives sunny optical a "shareholding" rating with a target price of 72 Hong Kong dollars.

Morgan Stanley has released a research report stating that Sunny Optical Technology (02382) has been given a 'shareholding' rating with a target price of HK$72. The report mentioned that the company recently announced the company business data for November of this year. The shipment volume of camera modules (CCM) still remains weak, with a year-on-year decline of over 28% for mobile camera modules. The company explained that this was due to a focus on mid-to-high-end projects during the period, as well as significant improvement in product structure compared to the same period last year. Morgan Stanley pointed out that the increase in average selling price (ASP) is crucial for profit recovery, therefore adjusting the product mix will remain Sunny Optical's top priority, believing that ASP and overall profit margin will gradually improve. In November, Sunny

Sina Hong Kong StocksDec 9 02:35 ET

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.

Zhitong FinanceDec 8 22:09 ET