Market Insight | AAC TECH rises over 6% again, AI phones show significant heat dissipation demand, Apple AI can promote replacement demand
AAC TECH rose by over 6%, with a cumulative increase of over 27% within the month. As of the time of publication, it rose by 5.91% to HKD 30.45, with a turnover of HKD 5.65 billion. On the news front, Tianfeng International analyst Guo Mingchi's latest supply chain survey pointed out that the energy density (Wh/kg) of the battery core of the iPhone 16 Pro Max will be further improved. To prevent the battery from overheating, Apple will use a stainless steel battery case for heat dissipation for the first time. It is reported that in 2023, AAC TECH's VC heat plates and other products will continue to increase in volume, with revenue from heat dissipation products expected to grow by over 100% year-on-year; it is projected that the VC heat dissipation business will achieve a double-digit increase in 2024. In addition, Apple introduced major updates to Apple Intelligence and Siri at the Worldwide Developers Conference. Zhongtai International released a research report stating that overall, this conference met expectations. Considering that only the iPhone 15 Pro series and devices using the M1 or newer chips can use Apple Intelligence among the products already launched, the bank expects a demand for product updates and replacements in the third quarter of this year
According to the latest information from the Wise Finance and Economics APP, AAC TECH (02018) has risen by over 6% again, with a cumulative increase of over 27% within the month. As of the time of publication, it has risen by 5.91% to HKD 30.45, with a turnover of HKD 5.65 billion.
On the news front, Tianfeng International analyst Guo Mingchi's latest supply chain survey indicates that the energy density (Wh/kg) of the battery core of the iPhone 16 Pro Max will be further improved. To prevent the battery from overheating, Apple will use a stainless steel battery case for heat dissipation for the first time. It is reported that in 2023, AAC TECH's VC heat plates and other products will continue to increase in volume, with heat dissipation product revenue expected to grow by over 100% year-on-year; it is projected that the VC heat dissipation business will achieve a double-digit increase or more in 2024.
Furthermore, Apple introduced major updates to Apple Intelligence and Siri at the Worldwide Developers Conference. CMB International released a research report stating that overall, this conference basically met expectations. Considering the products that have been launched, only the iPhone 15 Pro series and devices using the M1 or newer chips can use Apple Intelligence. The bank expects a demand for product updates and replacements in the third quarter of this year