Chinese Apple Supplier Stocks Could Rerate Faster Ahead of Launch

Dow Jones
2小时前

0501 GMT - Shares of Chinese Apple suppliers could rerate faster heading into the iPhone maker's impending product launch, DBS Group Research analysts say in a commentary. They reckon unusually bullish language from Apple's new CEO is raising expectations for the Sept. 9 event and supporting sentiment toward Apple value-chain stocks. Suppliers that are likely to benefit from this year's Apple product cycle include Lens Technology, which could be an exclusive glass supplier for a potential foldable iPhone; Lingyi iTech, which could supply foldable precision components; and Sunny Optical, as Apple's next iPhone could be the first with an adjustable-aperture camera. These stocks could gain further if there are strong initial preorders of Apple products after the launch, DBS adds.

 

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