Movement Alert|LUXSHARE ICT Rises 3.17% in Regular Trading, iPhone 18 Pro Series Official Launch Drives Rebound on Higher Assembly Share

Market Focus09-18

On September 18, LUXSHARE ICT rose 3.17% in regular trading, trading at 58.55 HKD/share, with turnover of 66.45 million HKD. The stock rebounded sharply from recent sessions of post-Apple-event selling pressure.

On the news front, Apple's iPhone 18 Pro series officially began retail sales on September 18, with strong consumer turnout reported at stores. Supply chain data indicates LUXSHARE ICT has secured approximately 70% of iPhone 18 Pro Max assembly share and around 55% of the Pro model assembly, representing a significant increase over the prior generation. Notably, the company has also entered foldable iPhone Duo assembly for the first time, meaningfully boosting per-unit value contribution from high-end models and directly benefiting third-quarter revenue and gross margins.

Earlier this month, the stock had experienced a typical sell-the-news pullback after Apple's September 10 keynote, with short-term profit-taking weighing on shares. The actual commencement of sales and confirmation of elevated assembly share allocation appear to have provided a fresh catalyst, helping absorb residual selling pressure. The company previously guided for Q3 net profit growth of 29%-57% quarter-over-quarter, underpinning fundamental support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment