GLONGHUI, September 14 | CICC published a report stating that new Apple products were released as scheduled, and the pricing continues from the previous generation without price increases. It believes that the progress of hardware products at the Apple press conference was better than previous market pessimistic expectations. It focuses on recommending many Apple industry chain stocks, including Gaowei Electronics, as well as A-share Lixun Precision, Lingyi Intelligent Manufacturing, and Dongshan Precision. The bank has an “outperforming industry” rating for Gaowei Electronics, with a target price of HK$19.4. The predicted price-earnings ratio for this year and next year is 29.1 times and 15.6 times, respectively. According to CICC, Apple's hardware innovation is basically in line with expectations. Considering the appearance and weight, etc., they have all been significantly upgraded. They are optimistic that the new product is expected to increase users' switching motivation and is expected to drive an increase in shipments.
研报掘金｜中金：予高伟电子“跑赢行业”评级 目标价19.4港元
Research Report Nuggets | CICC: Grants Gaowei Electronics to “Outperform the Industry” Rating Target Price HK$19.4
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