TIANGONG INT'L (00826) saw its shares rise more than 6% during afternoon trading. At the time of writing, the stock was up 5.92%, trading at HK$3.58 with a turnover of HK$75.44 million.
The increase follows reports that Apple's first foldable smartphone, the iPhone Fold, is scheduled for an autumn 2026 release. The device's frame will be made of titanium alloy, and its hinge system will be constructed from a combination of titanium and stainless steel, signaling potential growth in demand for the titanium industry.
Industrial Securities highlighted that TIANGONG INT'L is a key titanium supplier for Apple, with its titanium business expected to reach an inflection point in 2026. Public information shows that Tiangong Shares is a subsidiary of TIANGONG INT'L.
Looking ahead, as supply volumes for core customers begin to recover from their lows, and coupled with the company's expansion into high-end materials and accelerated diversification into various application fields, Tiangong Shares' performance is anticipated to return to a rapid growth trajectory. This could lead to a "double boost" from both earnings and valuation recovery in the capital markets, suggesting the current period may represent a strategic window for investment in Tiangong Shares.
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