Understanding the Market | Apple concept stocks generally rise, FIT HON TENG up over 4%, SUNNY OPTICAL up over 3%
Apple concept stocks generally rose, with FIT HON TENG up 4.23% to HKD 5.92, SUNNY OPTICAL up 3.44% to HKD 79.7. Q TECH rose 3.29%, and Lens rose 2.15%. Minister of Industry and Information Technology Li Lecheng met with Apple CEO Tim Cook to discuss Apple's business and cooperation in China. Cook stated that Apple will increase its investment in China. Huafu Securities pointed out that tariffs have a limited impact on fruit chain equipment companies, and Apple will allocate more resources to new equipment and new products
According to the Zhitong Finance APP, Apple concept stocks generally rose. As of the time of publication, FIT HON TENG (06088) rose by 4.23% to HKD 5.92; SUNNY OPTICAL (02382) rose by 3.44% to HKD 79.7; Q TECH (01478) rose by 3.29% to HKD 15.09; Lens (06613) rose by 2.15% to HKD 26.56.
In terms of news, according to "Gongxin Weibo," on October 15th, Li Lecheng, the Minister of Industry and Information Technology, met with Tim Cook, the CEO of Apple Inc., in Beijing. The two sides exchanged views on Apple's business development in China and strengthening cooperation in the electronic information field. Cook expressed gratitude for the support from the Ministry of Industry and Information Technology for Apple's development in China and stated that Apple would continue to increase its investment in China, further enhance the level and depth of cooperation with China, and achieve mutually beneficial and win-win development.
In addition, Huafu Securities recently pointed out that the impact of tariffs on fruit chain equipment companies should not be overestimated. Apple has extremely strict requirements for its suppliers, and domestic fruit chain companies have irreplaceability. For equipment companies, Apple may allocate more resources to new equipment and processes that are conducive to cost reduction and efficiency improvement, such as flexible automation and 3D printing; or accelerate the promotion of new products such as high-end models, foldable screens, and smart glasses, which will also benefit the construction and upgrading of related production lines
