Strategic restructuring in the light of ongoing destocking challenges,maintain the rating of “BUY” and slash the TP to HKD 0.53/share
Benefits of Shared Workspace
A-Share Market Strategy Weekly: Keep Climbing
Determined to maintain local consumer services industry consumer mind share
–Recent correction overdone; Accumulate for Apple’s share gain and auto/comm. momentum
A-Share Market Strategy Weekly: Broad-base Large-cap Stocks Preferred
US$2bn share buybacks brace for sustainable shareholders return; supportive to HK liquidity
Acquisition of Pegatron’s Kunshan plant to further boost iPhone assembly share gain
A-Share Strategy Weekly: Thematic Opportunities
Clear guidance on volume and market share target; further room of cost reduction