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Handset Gear Stocks Thrive Broadly; SUNNY OPTICAL Surges 6% Leading Blue Chip Rise
2024-04-25 10:41:30
HK-listed handset equipment stocks broadly thrived. SUNNY OPTICAL (02382.HK), being the best-performing blue chip, last traded at $36.6, up 6.24%, with 10.2697 million shares traded, involving $365 million.

FIH (02038.HK) shot up 4.11% to $0.76, with 7.571 million shares traded at $5.655 million. AAC TECH (02018.HK) jumped up 2.07% at $24.65, with 916,300 shares traded for $22.5946 million. COWELL (01415.HK) mounted 1.97% at $17.6, with 537,000 shares traded at $9.3245 million. BYD ELECTRONIC (00285.HK) added 1.23% at $24.65, with 1.2761 million shares traded at $31.2499 million.

Q TECH (01478.HK) was flattish at $3.33. FIT HON TENG (06088.HK), bucking the market, went down nearly 1% at $2.05.

Shenzhen-listed acoustic components foundry, GOERTEK (002241.SZ), announced that it realized operating income of RMB19.31 billion in the first quarter, a decline of 19.9% year-on-year; net profit attributable to parent company of RMB380 million, a year-on-year spike of 257.5%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of RMB275 million, a year-on-year upsurge of 1,722.92%. Basic EPS amounted to RMB0.11.

According to GOERTEK, the smooth progress of business segments such as precision components, intelligent acoustic machine, and product lines such as VR/MR/AR and smart wearable ensured that the Company's revenue was largely stable, profitability continued to be restored, operating cash flow performed well, and net profit achieved remarkable year-on-year growth. The overall operating trend continued to improve.
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