HK Stock Market Move | COWELL (01415) up more than 7% during trading, with 90% of the company's revenue coming from Apple orders. JP Morgan is bullish on the significant increase in market share of the rear camera module.

COWELL (01415) rose by more than 7% during trading hours and, as of press time, increased by 7.56% to HK$29.3, with a turnover of HK$383 million. JP Morgan released a research report stating that over 90% of COWELL's revenue comes from Apple orders. Although iPhone global shipments are growing steadily, it is believed that expansion can still be driven through the upgrade of lens specifications. Looking ahead, the proportion of high-end models is expected to increase, which could drive the iPhone RGB lens module market size from around USD 15.3 billion in 2024 to around USD 17.6 billion in 2027. The bank is optimistic about COWELL's significant increase in market share in rear camera lens modules and expects the compound annual growth rate of revenue from 2024 to 2027 to reach 25%. In addition to the contribution of non-iPhone products, it is recommended that investors deploy funds first before the company announces its mid-term performance.