＜Research＞CICC Is Bullish on Apple's Entry into End-side AI Innovation; Industrial Chain Common Prosperity Expected in 2H24/ 2025; Focus on SUNNY OPTICAL, AAC TECH, COWELL

　　CICC looked forward to the era of end-side AI (means that AI can directly process data on mobile devices, without the need to connect to a server or cloud), and was optimistic about Apple to enter the end-side AI innovation, leading to another resonance in 3 elements, naming interactive innovation, function upgrades/ appearance change and closed source ecosystem, CICC released a research report saying.

　　Android manufacturers may enter the end-side AI innovation at the same time. Apple and Android may see common prosperity in 2H24 to 2025, and Hong Kong stocks' mobile phone chain is expected to deeply participate in the wave of innovation.

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　　CICC maintained its earnings forecasts, ratings and target prices on covered companies. In the end-side AI era, CICC recommended investors to prioritize Apple's industrial chain, and Android is expected to follow closely.

　　As for Apple's chain among Hong Kong stocks, CICC suggested investors to focus on COWELL (01415.HK) +0.750 (+3.080%) Short selling $3.82M; Ratio 4.535% , FIT HON TENG (06088.HK) -0.030 (-0.804%) Short selling $5.93M; Ratio 5.820% , AAC TECH (02018.HK) +1.950 (+6.019%) Short selling $60.58M; Ratio 24.267% , SUNNY OPTICAL (02382.HK) +2.050 (+4.447%) Short selling $67.93M; Ratio 13.961% and BYD ELECTRONIC (00285.HK) +0.750 (+2.060%) Short selling $26.30M; Ratio 7.988% , etc..

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-11 12:25.)

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