Lates News

Lyon released a research report stating that although the performance of the Chinese smartphone market in the first half of the year was lower than expected, they still believe that the mid-term performance of Chinese technology companies will remain robust. The significant price reduction of iPhones in the Chinese market has stimulated sales, while continued upgrades in the optical configuration of Android products have driven demand growth. The market's concerns about the tariff policies between China and the United States have accelerated PC shipments, and despite the price increase of Lenovo Group in the American market, demand remains stable. Lyon believes this will help alleviate investors' concerns about potential price increases for iPhones. For Lenovo, the net profit forecast for the first quarter ending in June has been raised from 301 million US dollars to 321 million US dollars, maintaining a "outperform" rating with a target price of 11 Hong Kong dollars. Lyon currently lists AAC Technologies, Xiaomi, and SMIC as top stock picks, pointing out that AAC's growth in the first half of the year is on track, and predicts a 49% year-on-year increase in mid-term profits to 800 million yuan, maintaining an "highly confident outperform" rating with a target price of 66.1 Hong Kong dollars. The bank also predicts that SMIC's second-quarter revenue will grow by 1% quarterly and raises the target price to 59.2 Hong Kong dollars, with an "outperform" rating.