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Real-time News
On August 6th, JPMorgan Chase published a research report, giving Cowell Electronics (01415.HK) its first "overweight" rating with a target price of HK$44. The report noted that over 90% of the companys revenue comes from Apple orders. While global iPhone shipments have seen steady growth, the company believes it can still drive growth through lens upgrades. The bank anticipates that the increased share of high-end models will drive the iPhone RGB lens module market from approximately US$15.3 billion in 2024 to approximately US$17.6 billion in 2027. The bank is optimistic about Cowell Electronics significant share growth in rear-facing lens modules, projecting a 25% compound annual revenue growth rate between 2024 and 2027. Furthermore, with the incremental contribution from non-iPhone products, investors are advised to position themselves before the company announces its interim results.Cathay Pacific Airways revenue in the first half of the year increased by 9.5% year-on-year to HK$54.309 billion, and its net profit increased by 1.1% to HK$3.651 billion.Cathay Pacific Airways: Signed a supplementary agreement with Boeing (BA.N) to purchase 14 777-9 aircraft and the right to purchase up to an additional 777-9 aircraft.On August 6, European Central Bank board member Holzmann said: "At the last meeting, most of us agreed that monetary policy now needs to be prudent. After several interest rate cuts, we are currently at an expansionary level. For Europe and the world, the neutral interest rate is likely to rise again, so it is wise for us to keep interest rates unchanged and wait for further economic developments rather than trying to meet market expectations. We are not in a tightening mode at the moment and should not react only to short-term developments."ECB board member Holzmann: At the last meeting, most of us agreed that monetary policy now needs to be prudent.
