Understanding the Market | The mobile industry chain collectively rises as Huawei and Apple’s press conferences approach, and the consumer electronics sector is expected to welcome a recovery trend
The mobile industry chain saw an expanded increase in the afternoon, with COWELL rising 5.62%, SUNNY OPTICAL rising 4.72%, and AAC TECH rising 4.66%. Huawei will launch the Pura 80 series smartphones on June 11, with over 30,000 reservations already made. Apple's WWDC conference will be held from June 10 to 14, with significant upgrades expected to be announced. Analysts believe that the consumer electronics industry is likely to welcome a recovery trend and suggest paying attention to AI feature updates and investment opportunities in quality companies
According to Zhitong Finance APP, the mobile industry chain saw an expanded increase in the afternoon. As of the time of writing, COWELL (01415) rose by 5.62% to HKD 23.2; SUNNY OPTICAL (02382) rose by 4.72% to HKD 62.8; AAC TECH (02018) rose by 4.66% to HKD 38.15; BYD Electronics (00285) rose by 2.54% to HKD 32.25.
In terms of news, on June 3rd, Huawei's official WeChat account announced that the Huawei Pura 80 series and all-scenario new product launch event will be held on June 11th at 14:30, during which the Huawei Pura 80 series smartphones will be officially released. On June 5th, Huawei's official Weibo announced that reservations for the Huawei Pura 80 Pro and Huawei Pura 80 Pro+ would open at 10:08, with over 30,000 reservations made in just about 80 minutes. Additionally, Apple recently announced on its official website that the Apple WWDC developer conference will be held from June 10th to June 14th Beijing time, where significant upgrades to the next-generation operating system and some product categories are expected to be announced.
Shengang Securities' research report pointed out that with the catalyst of new product launches in the second half of the year, the consumer electronics and fruit chain sectors are expected to experience a recovery from the previously suppressed factors due to economic and trade relations. China Merchants Securities believes that the short-term valuation of the fruit chain has adjusted to a cost-effective range, and it is advisable to seize investment opportunities in quality companies benefiting from hardware innovation and AI resonance in the medium to long term. It is recommended to pay attention to the AI feature updates at the June WWDC conference
