MBCOWEL@EC2707A

CCOE

STARCOIN GROUP

ONEFORCE HLDGS

ROYAL DELUXE

STELUX HOLDINGS

TE HEALTHCARE

ASIAPAC FIN INV

WELIFE TECH

DRINDA

TIMELESS

688981

83192

02313

01415

JP Morgan listed the companies affected by the appreciation of the RMB on the earnings of Chinese stocks, indicating that a 5% appreciation of the RMB against the USD will negatively impact the net profits of several companies. The affected companies include SHENZHOU INTL, Super Ocean International, SMIC, USISH, COWELL, Longi Green Energy, SINOCERA MATERIAL, Zhejiang Dingli, Sany, XCMG, WUXI BIO, WUXI XDC, Jereh Holdings, and Sinopec Oilfield Service, with an expected impact range of 7% to 15%

AASTOCKS

SMIC

A BOS RMB MM-R

SHENZHOU INTL

Sany

A BOS RMB MM

WUXI XDC

SINOCERA MATERIAL

A VP RMB MM

WUXI BIO

USISH

COWELL

XCMG

JP Morgan lists the Chinese stocks that are most negatively impacted by the appreciation of the RMB (Table)

159998

588170

512720

159546

561600

On February 3rd, COWELL continued to strengthen during the trading session, with active main funds driving the stock price to rise multiple times. The electronic components sector performed outstandingly, especially as AI hardware-related companies received attention from multiple institutions this week, with new orders and positive news on customer collaborations serving as catalysts for right-side trading. The company announced an increase in its AI camera module project during the session, and there was a noticeable follow-up from funds after the market closed. There were multiple instances of increased volume pushing the price higher, but as it approached the previous high pressure zone, divergences intensified, leading some funds to actively adjust their positions. The technical structure remains bullish, with the 5-day and 10-day moving averages forming technical support. In terms of the industry, the tight supply chain for ICs has improved, and the recovery in terminal demand has enhanced the sector's attractiveness. After further release of overall trading volume, short-term divergences and volatility have intensified, and the risk of high-level plunges needs to be monitored. It is essential to dynamically monitor the distribution of main funds and real-time market changes, avoiding blind chasing of highs, and paying attention to controlling the risks of chasing after price increases

Technical Forecast

Tianhong CSI Computer Theme ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Computer Theme ETF

Guotai CSI All Share Integrated Circuit ETF

Ping An CSI Consumer Electronic Theme ETF

COWELL (1415.HK): Main capital fluctuations are active, AI hardware orders frequently bring good news, and high-level divergences are gradually increasing

JP Morgan expects COWELL to achieve strong profit growth in the next two years, setting a target price of 44 yuan and maintaining an "overweight" rating. Despite the poor stock performance in the fourth quarter of last year due to market concerns over rising memory prices, the bank believes the market has overreacted and expects an 8% increase in shipments in the first half of this year. The adjustment of the iPhone product line in the second half of the year will benefit the company, with profit growth expected to be between 23% and 26% from 2025 to 2027

JP Morgan expects COWELL to see strong profit growth in the next two years, with a target price of 44 yuan, recommending "buy"

Cowell e Holdings (HKG:1415) has shown impressive annual EPS growth of 41% over the last three years, indicating strong potential for future performance. The company's EBIT margins have increased from 4.6% to 7.8%, alongside growing revenue, suggesting sustainable growth. The CEO's modest compensation of US$458k aligns with shareholder interests, reflecting good governance. Overall, Cowell e Holdings appears to be a quality business worth watching, although further research is recommended before making investment decisions.

Simplywall

With EPS Growth And More, Cowell e Holdings (HKG:1415) Makes An Interesting Case

On December 17th, COWELL (1415.HK) saw a day of reduced trading volume and bottoming out, with short-term holders adopting a wait-and-see approach. Technical indicators continued to weaken, with the mainstream moving averages trending downward, and the MACD death cross remaining uncorrected, reflecting a strong defensive sentiment in the market. The price range's center of gravity has been consistently shifting downward, with previous lows becoming key observation points for this round of market activity. The news front is quiet, and the consumer electronics industry has recently lacked performance and order stimulation. Although there were reports of major manufacturers collaborating with factories in Vietnam this week, it failed to activate market sentiment, with large orders being scattered and exhibiting significant volatility. There was no strong intervention from major players throughout the day, and the wait-and-see attitude among market participants was more pronounced than before. Currently, the ability to absorb chips at low levels has become a focal point for the market. If there is a sudden increase in volume or large orders flowing in during the session, it could lead to a short-term structural rebound, but until the trading volume is activated, the focus will remain on bottoming out and oscillating. The risk lies in large orders flowing out during the session or sudden negative news from the industry, so investors need to closely monitor changes in capital flow and chip structure, and right-side participation should wait for clear signal confirmation. The overall strategy suggests maintaining a defensive stance and high vigilance

Morning Trend | COWELL's trading volume shrinks, is the bottom chip about to change?

02018

00285

01478

Hong Kong stocks showed a mixed performance today, with all three major indices rising. Funds focused on the retail and internet content sectors, with leading company Alibaba showing a significant increase, while there was divergence within the technology and manufacturing sectors. On the macro level, the manufacturing PMI and foreign exchange reserves had little impact on risk appetite. Volatility in popular stocks has intensified, with funds flowing around industry expectations and fundamentals. The top ten trading volumes were concentrated in leading technology and consumer stocks, with a clear structure in fund flow

- On December 2, Hong Kong's three major indices rose, with the Hang Seng Index up 0.61% at 26,191.14 points.  
- Market sentiment appeared neutral, with 684 stocks rising and 720 falling, while retail and internet sectors attracted significant investment amid a focus on consumption recovery.  
- Key stocks included Alibaba, which rose 2.00%, and BYD, which increased by 3.01%, reflecting improved expectations for consumer spending and technological innovation.

Market Heartbeat

AAC TECH

BYD ELECTRONIC

Q TECH

BABA-W

POP MART

XIAOMI-W

BYD COMPANY

TENCENT

MEITUAN

Alibaba

Hong Kong stock market intraday | Hang Seng Index rises 0.61%, ZTE Corporation declines over 6%! AI smartphones drive overall upward movement in other industry chain targets

Cowell e Holdings Inc. held an extraordinary general meeting on November 19, 2025, where all proposals in the meeting notice were approved by shareholders.

Reuters

Cowell e Holdings Inc. held extraordinary general meeting

Cowell e Holdings Inc. will hold a virtual extraordinary general meeting on November 19, 2025, where shareholders will vote on a proxy proposal to renew the Existing Purchase Framework Agreement and the Existing Materials Procurement Framework Agreement. Shareholders are encouraged to support the proposal.

Cowell e Holdings Inc. Shareholders to Vote on Proxy Proposal at Upcoming Virtual EGM

Cowell e Holdings Inc. will hold its extraordinary general meeting virtually on 19 November 2025. Shareholders will vote on the approval of the 2026 Purchase Framework Agreement and the proposed annual cap for the financial years ending 31 December 2028.

Cowell e Holdings Inc. Announces Date for Extraordinary General Meeting

Guojin Securities initiates coverage on COWELL with a "Buy" rating and a target price of HKD 48.38. It is expected that the net profit attributable to the parent company for 2025-2027 will be USD 191 million, USD 225 million, and USD 336 million, with P/E ratios of 19 times, 17 times, and 11 times, respectively. The company is deeply tied to Apple, with revenue from Apple accounting for 98.1% in H1 2025. Strong demand for iPhones is expected to provide a solid demand foundation for the company. With the exit of major competitor Sharp, the supply chain landscape for rear camera modules is being reshaped, and the company is expected to gain more market share

Zhitong

Guotai Junan Securities: Initiates "Buy" rating on COWELL with a target price of HKD 48.38

Cowell e Holdings Inc. has announced the closure of its register of members from November 14 to November 19, 2025, to determine shareholder entitlements for an extraordinary general meeting (EGM) on November 19, 2025. Shareholders must submit transfer documents by November 13, 2025, to vote at the EGM. The current analyst rating for Cowell e Holdings Inc. (HK:1415) is a Hold with a price target of HK$35.00, and the company's market cap is HK$27.88B.

Tip Ranks

Cowell e Holdings Inc. Announces Closure of Register for Upcoming EGM

06088

Hong Kong stocks related to Apple continue to rise, with FIT HON TENG leading the way with an increase of over 10%, Lens Technology rising 3.3%, BYD Electronics up 2.6%, COWELL rising over 2%, AAC Technologies, Sunny Optical, and Q Technology increasing nearly 2%, and VSTECS and Dongjiang Holdings up 1.6%

FIT HON TENG

02038

Apple concept stocks generally fell, with FIH down 6.22%, FIT HON TENG down 5.51%, Q TECH down 4.82%, and COWELL down 3.95%. Renowned analyst Ming-Chi Kuo pointed out that the demand for iPhone Air is lower than expected, and the supply chain will reduce shipments and capacity, with an expected capacity reduction of over 80% by the first quarter of 2026. Trade variables also affect market sentiment, with Huafu Securities stating that tariffs have a limited impact on fruit chain equipment companies, and Apple may increase investment in new devices and new products

Understanding the Market | Apple concept stocks lead the decline, Q TECH falls nearly 5%, COWELL falls nearly 4%

06613

Hong Kong stocks related to Apple declined, with FIT HON TENG falling over 6%, and FIH, Q TECH, COWELL, and Lens also following suit

Lens

Hong Kong stocks related to Apple declined, with FIT HON TENG falling over 6%

SMIC/Huahong's impressive performance boosts chip stocks, Apple's $100 billion investment in risk aversion stimulates the supply chain, and the rebound in coal prices fuels energy stocks.

Apple

CHINA SHENHUA

CSEC/China Shenhua

China Shenhua Energy

HUA HONG SEMI

Hua Hong

CE HUADA TECH

CHINA COAL

China Coal Energy

ETHK LABS INC.

INNOSCIENCE

SHANGHAI FUDAN

FMSH

SMIC HK SDR 5to1

Hot Trades in Hong Kong Stocks (8.12)｜SMIC/Hua Hong's Q3 Guidance Exceeds Expectations, Apple Supply Chain Soars, Coal Shortage Boosts Stock Prices!

Hot trading industry trends on August 7 and related Hong Kong semiconductor stocks. Hong Kong semiconductor stocks opened lower in early trading but then surged strongly, with Innoscience gaining over 11%, and industry leader SMIC rising over 3%. Core logic: On the news front, on August 1, Innoscience officially responded to rumors of collaboration with NVIDIA. The announcement stated that the company has recently partnered with global AI technology leader NVIDIA to jointly promote the large-scale implementation of the 800VDC (800-volt direct current) power architecture in AI data centers. Clear signals of a cyclical bottom: Global semiconductor inventory reduction is nearing its end...

NVIDIA

SJM HOLDINGS

MGM CHINA

WUXI APPTEC

WuXi AppTec

INNOCARE

InnoCare Pharma

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

GALAXY ENT

Galaxy Entertainment Group

NAGACORP

WYNN MACAU

MELCO INT'L DEV

SANDS CHINA LTD

Sands China

CSPC PHARMA

INNOVENT BIO

SOLOMON SYSTECH

TIGERMED

Tigermed

Hot Trades in Hong Kong Stocks (8.7)｜ Chip Stocks Rebound Strongly, Apple Supply Chain Follows; Xiaomi and Pharmaceuticals Retreat Under Pressure

MBCOWEL@EC2707A(26113.HK)

JP Morgan lists the Chinese stocks that are most negatively impacted by the appreciation of the RMB (Table)

COWELL (1415.HK): Main capital fluctuations are active, AI hardware orders frequently bring good news, and high-level divergences are gradually increasing

JP Morgan expects COWELL to see strong profit growth in the next two years, with a target price of 44 yuan, recommending "buy"

With EPS Growth And More, Cowell e Holdings (HKG:1415) Makes An Interesting Case

Morning Trend | COWELL's trading volume shrinks, is the bottom chip about to change?