The Zhitong Finance App learned that Qiu Tai Technology (01478) once rose more than 5%. As of press release, it had risen 3.85% to HK$3.24, with a turnover of HK$2,885,500.
According to the news, on April 15, Huawei's official Weibo posted several videos about the Huawei P series and stated that the Huawei P series was officially upgraded to the “Huawei Pura.” Yesterday morning, Yu Chengdong, executive director of Huawei and CEO of Terminal BG, said, “The Pura70 can be considered a P70. There will be good news in two days.” According to people familiar with the matter, the Huawei Pura series of phones have already been mass-produced, or are directly marketed without release.
Citi released a research report saying that it has begun 30 days of upward catalytic observation of Qiu Titanium Technology. According to the report, the official launch of the Huawei Pura 70 in April may have a positive impact on Qiutai Technology's stock price. The reasons include that the release of the flagship model may drive an increase in smartphone shipments in mainland China and trigger a shift in capital to the smartphone supply chain, especially camera-related stocks, due to specification upgrades; since Qiutai Technology's strategy is to shift its product structure to high-end HCM products and gain more share from Huawei phones, the stock should be one of the potential beneficiaries.