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6456 - General Interface Solution (GIS) Holding News Story

TWD117.5 4.0  3.5%

Last Trade - 07/05/21

Sector
Technology
Size
Mid Cap
Market Cap £1.02bn
Enterprise Value £745.0m
Revenue £3.27bn
Position in Universe 884th / 6094

BUZZ-Apple's suppliers extend drop in Greater China, tracking Wall St losses

(Updates with chart, analyst quote) ** Shares in Apple Inc's suppliers in Greater China extend decline, following losses in the iPhone maker's shares on Wall Street ** Apple AAPL.O shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors worried the rare stumble was a harbinger for slowing global growth urn:newsml:reuters.com:*:nL3N1Z330L ** Apple's forecast cut could have certain impact on the Q4 performances of Chinese mobile phone parts makers with high proportions of revenue from Apple, including AAC Technologies, Luxshare Precision, Foxconn Industrial Internet and Shenzhen Sunway Communication, investment bank China International Capital Corp Ltd (CICC) writes in report ** Taiwan's Foxconn 2317.TW , Apple's biggest iPhone assembler, slides as much as 2.6 pct to a more than five-year low, having tumbled ~55 pct from a record high hit in June 2017 ** Also in Taiwan, the integrated touch display provider General Interface Solution 6456.TW , casing maker Catcher Technology 2474.TW and lens set maker Largan Precision 3008.TW slump in the range of 3.1-6.3 pct ** On the Chinese mainland, Suzhou Dongshan Precision Manufacturing 002384.SZ leads the decline, diving as much as 9.8 pct to a near four-year low, following an up to 10 pct loss the previous session, while Shenzhen Sunway Communication 300136.SZ , provider of internet solutions Luxshare Precision 002475.SZ , optical firm O-Film Tech 002456.SZ and electronic components maker Lens Technology 300433.SZ fall by 1.7-2.5 pct ** In Hong Kong, acoustic component maker AAC Technologies 2018.HK , Sunny Optical Technology 2382.HK and BYD Electronic International 0285.HK each down ~2 pct <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Apple suppliers in Greater China https://tmsnrt.rs/2SBdYbJ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> ((luoyan.liu@thomsonreuters.com; Reuters Messaging: luoyan.liu.thomsonreuters.com@reuters.net))
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