BUZZ-Q Technology falls as camera module sales volume drops in February

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BUZZ-Q Technology falls as camera module sales volume drops in February

Reuters03-12

** Shares of camera module manufacturer Q Technology (Group) 1478.HK fall 3.3% to HK$7.34, on track for biggest one-day pct decline since February 28

** Stock set for a second session of fall

** Co says total sales volume of camera modules fell 16.7% y/y in February as it focused on a product strategy centred around mid-to-high-end products, which led to a reduction in the number of projects of camera modules below 32 megapixels

** Says total sales volume of fingerprint recognition module products rose 153.7%, thanks to market share gain in business

** The Hang Seng Commerce & Industry Index .HSNC and the Hang Seng Index .HSI both slip 0.4%

** Stock up 13.4% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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