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Hong Kong Shares Rise 1.1% Amid Positive Sentiment -- Market Talk
Exploring entry into the asia vets glasses market! Apple supplier stocks surged in early trading, with Cowell Electronics up more than 10%, and Sunny Optical up more than 4%.
Apple supplier stocks strengthened in the morning session. As of the time of publication, Cowell Electronics rose by 10.02%, to 25.80 Hong Kong dollars; Sunny Optical rose by 4.17%, to 51.25 Hong Kong dollars.
[Brokerage Focus] CMB International: Apple's FY4Q24 performance exceeds expectations, focusing on the progress of Apple Intelligence and ChatGPT integration.
Jingu Financial News | CICC International stated that Apple announced its fourth quarter financial performance for the 2024 fiscal year last Friday (November 1), with a 6% year-on-year increase in revenue and a 12% year-on-year increase in adjusted earnings per share, outperforming previous market expectations. The adjustments primarily involve one-time tax expenses related to an EU ruling, leading to a 34% year-on-year decline in unadjusted earnings per share. This quarter, iPhone business revenue and comprehensive gross margin performance exceeded market expectations. Apple achieved record-high revenues in most regions this quarter, with revenue in China narrowing significantly but still weaker than market expectations. Looking ahead.
Apple suppliers generally trending upwards. AAC Tech (02018) rose by 3.11%, reportedly launching devices using the M4 Ultra chip next year.
Kingwu Financial News | Apple suppliers generally rise, aac tech (02018) up by 3.11%, q tech (01478) up by 2.07%, byd electronic (00285) up by 1.54%, cowell (01415) up by 1.28%, sunny optical (02382) up by 1.02%. According to reports, Apple plans to launch devices using the M4 Ultra chip next year, which is said to integrate up to 32 cores CPU and up to 80 cores GPU. By comparison, this is double the specs of the current M4 Max chip, M4 Max chip.
HK Stocks News | Apple supplier stocks dropped across the board in the morning, with q tech (01478) falling over 4%. Apple's greater china business under pressure in the fourth quarter.
Apple supplier stocks fell across the board in the morning session. As of the time of publication, q tech (01478) fell by 4.31%, to HK$4.88; Sunny Optical (02382) fell by 2.47%, to HK$49.4; byd electronic (00285) fell by 1.64%, to HK$32.95.
Express News | BlackRock, Inc.'s Long Position in Sunny Optical Technology (Group) Co Increases to 5.65% on Oct 25 From 4.61% - HKEX