Apple (AAPL.US) has unveiled the iPhone 17e and M4 iPad Air, and their specifications and functionalities are broadly in line with market expectations, according to CMBI's research report.
Overall, the updates to the iPhone 17e and M4 iPad Air should strengthen Apple's position in the mid-range smartphone and tablet sub-segments, particularly considering the cost pressures within the industry.
In CMBI's estimate, products that show up with steady prices and the latest specifications should draw more consumers into Apple's ecosystem, compared to competitors who are hiking prices, dropping specifications, or delaying product releases over internal cost pressures.
On the supply chain side, CMBI favors companies with a higher share and growing value contribution in Apple's sales, such as FIT HON TENG (06088.HK) for connectors and AirPods, and AAC TECH (02018.HK) for acoustics, vibration motors, and VC modules.
CMBI's ratings and target prices for Apple supply-chain stocks:
Stock | Investment Rating | Target Price (HKD)
AAC TECH (02018.HK)|Buy|60.55
BYD ELECTRONIC (00285.HK)|Buy|43.54
FIT HON TENG (06088.HK)|Buy|7.33
LUXSHARE PRECISION (002475.SZ)|Buy|RMB75.55
SUNNY OPTICAL (02382.HK)|Buy|91.38
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| SUNY (C) |
24460 |
73.93 (-) |
0.021 |
7.7 X |
| APPLE (C) |
10079 |
320 (-) |
0.051 |
12.4 X |
| APPLE (P) |
11063 |
248 (-) |
0.290 |
4.7 X |
| APPLE (P) |
10793 |
210 (-) |
N/A |
N/A |
