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<Research>CLSA: US Tariffs Put Pressure on Apple Suppliers' Margins; BYD ELECTRONIC/ COWELL/ LENOVO GROUP/ AAC TECH Undervalued
Recommend 61 Positive 85 Negative 59 |
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Besides the impact of the US tariffs on the transportation of Apple products, which will lead to an increase in retail prices, the profit margins of Apple's suppliers may also be under pressure due to the decline in operation leverage, according to CLSA's research report. However, given that the profit margins of Apple's suppliers are already at a relatively low level, it is believed that they do not need to bear the additional tariff costs directly. BYD ELECTRONIC (00285.HK), COWELL (01415.HK), LENOVO GROUP (00992.HK), AAC TECH (02018.HK) and LUXSHARE PRECISION(002475.SZ) are undervalued by the market, while SMIC (00981.HK) and SUNNY OPTICAL (02382.HK) saw minimal impact from US tariffs, but their share prices are still dragged down, which are believed to provide investors with a good market entry points, all of which are rated at Outperform, the broker added. AAStocks Financial News |
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