Smartphone demand bottoms out, Credit Suisse looks at Sunny & ASM Pacific | Share price should be positive

Credit Suisse issued a research report, referring to meeting with 74 investors in the past 3 weeks. Investors generally believe that the demand for smart phones bottomed out and that they were low in timing. However, stock selection needs to be cautious and selective. Hong Kong stocks are among the related stocks, and they are optimistic. Yu-Optics and ASM Pacific, stocks rose more than 4% and over 3%.

The report pointed out that in the supply chain of smart phones, the demand for mobile phones in mainland China is recovering, and Apple's mobile phones have bottomed out in the second quarter. However, competition in the supply chain has increased. Investors are optimistic about the potential winners of the Lixin Precision Club and reevaluate them at the same time. AAC Technologies, but agreed to reduce the space is limited, wait for the 'buy' opportunity after the second quarter results.

Credit Suisse said that the industry is positive about the risks of overseas business, optimistic about Hikvision, the semiconductor market, investors' interest has increased. Selecting shares, the software stocks are optimistic about Chinasoft International.

In addition, Credit Suisse stated that it is necessary to pay attention to the progress of Sino-U.S. trade disputes and the relevant risks have been reflected.

The bank believes that compared with H-shares, it is more optimistic about A-shares, and Lisin Precision, Han's Laser, and Lance Technology are the first choices.

H shares are most optimistic about Sunny Optics and ASM Pacific.

As of 15:45 on the 6th, Sunny Optical shares rose 4.425% to HK$167; ASM Pacific reported HK$108, or +3.647%.