Global Research 7 September 2020 China Tech Sector Equities UBS A-share Conference 2020: Tech Company China Takeaways Technology Thompson Wu Analyst
[email protected] UBS A-share Conference 2020 from 31 August to 2 September +886-28-722 7338 The UBS A-share Virtual Conference 2020 hosted over 90 corporates and over 550 Jimmy Yu investors during the three-day event. In the technology sector, we hosted a total of 21 Analyst companies including seven covered names and 14 non-rated names. Amongst these, S1460517080002 investors' most requested company meetings were Avary, Glodon, Han's Laser,
[email protected] Hikvision, Shengyi, Shennan Circuit and USI. +86-21-3866 8880 Surveillance/Telecom gradually improving; Cloud demand remains solid Wendy Zhang Analyst Hikvision and Dahua's China business is gradually picking up in H220, in particular due S1460520040002 to enterprises' AI-solutions demand; however, overseas remains soft. Despite US Entity
[email protected] List restrictions, both were comfortable with the localisation of their supply chains and +86-10-5832 8255 inventory preparations made in the past 12 months. FII was positive on US/China Cloud Zoe Xu companies' capex growth into 2021, plus share gains from its key customers. In Associate Analyst telecom, several companies highlighted a slowdown in 5G-related business due to
[email protected] COVID-19 and the Huawei issue, but many expect improving demand in 2021. +852-2971 7724 Kayla Cai Huawei's impact on smartphone supply chain already felt; Apple ramping up Associate While most companies didn't want to comment on the impact of restrictions on
[email protected] Huawei, most supply chain companies are more concerned now and it appears they +86-21-3866 8786 have seen a negative impact on procurement demand.