|Bid||3.8100 x 0|
|Ask||3.8200 x 0|
|Day's range||3.7900 - 3.8700|
|52-week range||2.5200 - 4.6100|
|Beta (3Y monthly)||2.08|
|PE ratio (TTM)||53.80|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Bloomberg) -- Huawei Technologies Co. on Friday offered the first glimpse of an in-house software that may someday replace Google’s Android, an important step toward reducing its reliance on American technology.“HarmonyOS,” previously code-named “Hongmeng,” is a long-gestating operating system that could soon find its way into smart TVs and lower-end phones. The OS embodies Huawei’s shift toward self-reliance as American sanctions cut it off from vital technology, and escalating U.S.-Chinese tariffs jeopardize a carefully orchestrated global supply chain. Huawei’s efforts actually mirror Apple Inc.’s: to develop vertically-integrated supply and production lines that help reduce exposure to inclement market forces, unreliable suppliers and unpredictable events like international trade disputes.The newly hostile environment is putting to the test not just Apple’s “Designed in California, Assembled in China” slogan, but the overall preparedness of two smartphone-making giants as the decades-old made-in-China model fractures. Here’s a look at how dependent Apple and Huawei are on external suppliers.OS: Apple’s strength has always been the integration of software with hardware, and it has absolute control over iOS. Huawei is trying to do the same with HarmonyOS, but it has everything left to prove, starting today. For the foreseeable future, Huawei remains dependent on Android for its mainstream smartphones, especially outside China. Advantage: Apple.Software ecosystem: The enormous fortress of iTunes, the App Store and a dedicated following of enthusiastic app developers is a huge and profitable edge for Apple’s mobile business. Huawei will need developers to build valuable apps for its ecosystem, which is another major question mark. Advantage: Apple.Processors: Both design their own processors but neither controls their actual production. Instead, they rely on Taiwan Semiconductor Manufacturing Co. to put them together and on SoftBank Group Corp.’s Arm for the licenses they need to design semiconductors. Advantage: Neither.Memory and storage: SK Hynix Inc., Samsung Electronics Co. and Micron Technology Inc. anchor the two smartphone makers’ storage needs. The Korean duo have a significant lead on RAM modules. Neither Apple nor Huawei has the capability to produce their own storage chips, though Huawei recently launched the Nano Memory Card. Advantage: Neither.Display: Samsung is the biggest supplier of the organic light-emitting diode displays that Apple uses for its iPhone X and XS top-tier devices. Others such as Japan Display Inc. and LG Display Co. provide liquid-crystal display panels for the likes of the iPhone XR and earlier models. While Huawei is in much the same boat, it’s increasingly relying on home-team vendor BOE Technology Group Co. for its OLED panels, which are starting to win customers beyond China. In short, neither is capable of doing the manufacturing itself. Advantage: Neither.Modems: Essential to mobile connectivity, modems are only going to become more important with the transition to next-generation 5G technology. Apple recently agreed to buy Intel’s modem division, a step toward designing its own 5G chips. But Huawei is already among the leaders on this front, having announced the Balong 5G01 modem in February. As with processors, neither has its own silicon facilities so they’ll again be reliant on specialist foundries. Advantage: Huawei.Assembly: Apple and Huawei are heavily reliant on assemblers such as Hon Hai Precision Industry Co., also known as Foxconn. Both also tap other Taiwanese contract manufacturers -- such as Pegatron Corp., Compal Electronics Inc. and Quanta Computer Inc. -- to varying degrees, while Huawei also relies on Flex Ltd. But unlike Apple, which decided years to outsource much of its global production in China, Huawei operates a few highly automated lines to make top-tier P series phones. Advantage: Huawei.Others: Apple and Huawei rely on a plethora of companies elsewhere in their smartphone production. U.S. companies Skyworks and Qorvo provide radio-frequency modules to facilitate 3G and LTE communications. Dutch semiconductor company NXP is the go-to supplier of NFC parts required for contactless payments. Sony Corp. is the undisputed leader in camera sensors and modules. And Apple-funded Corning Inc. supplies toughened glass. Advantage: Neither.Apple and Huawei appear to be the brains orchestrating a huge, international body of engineering muscle. They design their own software, processors, modems and phones, but ultimately have to hand those plans off to a legion of transnational suppliers and manufacturers.(Updates with OS’s unveiling from first paragraph.)To contact Bloomberg News staff for this story: Vlad Savov in Tokyo at email@example.com;Gao Yuan in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
* PREVIOUS TRADING SESSION MOVES: * SSEC -0.8 pct, CSI300 +0.3 pct, HSI +1.0 pct * HK- Shanghai Connect daily quota used 7.9 pct * HK- Shenzhen Connect daily quota used 1.8 pct * CNY official close ...
April 29 (Reuters) - BOE Technology Group Co Ltd : * SAYS Q1 NET PROFIT DOWN 47.9 PERCENT Y/Y Source text in Chinese: http://bit.ly/2WcCDoX Further company coverage: (Reporting by Hong Kong newsroom)
Decades later, fueled by billions in state funds, a re-christened BOE Technology Group Co. does business with Apple Inc. and has its sights on becoming the biggest supplier of next-generation screens. It’s a turnaround authored by Wang Dongsheng, a low-profile accountant who took over an ailing vacuum-tube factory -- then begged his underlings for bailout money, at one point dabbling in producing mouthwash to make ends meet.
March 25 (Reuters) - BOE Technology Group Co Ltd : * SAYS 2018 NET PROFIT DOWN 54.6 PERCENT Y/Y * SAYS IT PLANS TO INVEST 13.6 BILLION YUAN ($2.03 billion) IN LIFE SCIENCE PROJECT IN BEIJING Source text ...
* PREVIOUS TRADING SESSION MOVES: * SSEC +0.9 pct, CSI300 +0.6 pct, HSI +0.0 pct * HK- Shanghai Connect daily quota used 4.2 pct, Shanghai- HK daily quota used 7.7 pct * HK- Shenzhen Connect daily ...
March 5 (Reuters) - BOE Technology Group Co Ltd : * SAYS TWO SHAREHOLDERS PLAN TO UNLOAD UP TO 2 PERCENT STAKE IN THE COMPANY WITHIN THREE MONTHS Source text in Chinese: https://bit.ly/2IVeDV1 Further ...
As Brexit talks drag on, sterling trading volumes in London, the world's biggest forex trading centre, are languishing well below long-term averages, with long-term investors and sovereign players set to stay on the sidelines until the crisis is over. The size of the broader currency market has expanded in the past four years but the pound's percentage market share has broadly stagnated and against some currencies it has fallen.
Fellow display producer BOE Technology Group Co. had jumped 46 percent since the start of year. Turnover in both stocks soared as investors bet on hefty demand for screens, especially if Chinese smartphone makers like Huawei Technologies Co. follow Samsung into foldable models. More than $612 million worth of Tianma shares traded Wednesday, about 18 times the daily average turnover for last year, while over $1 billion of BOE shares traded every day in the past week in Shenzhen, far outdoing Tencent Holdings Ltd., Asia’s biggest stock by market value.
The world economy is caught in a "delicate equilibrium" between stabilisation and a further downturn, according to Bank of England Governor Mark Carney, and that balance could look even shakier over the next few days. Early measures of factory activity from Asia, Europe and the United States – which typically give signals of momentum in the overall economy - will be scrutinised by investors, many of whom fear that the sudden weakness of late 2018 is intensifying. Trade tensions have weighed heavily on factories around the world, something that is likely to be high on the minds of negotiators from the United States and China when they resume their talks to avert an escalation of their tariff war.
British households grew more downbeat about their finances this month as job worries rose to the highest in over a year, reflecting a slowing economy and uncertain prospects for Brexit in less than six weeks' time. Consumer spending and a strong labour market were a relative bright spot as Britain's economy slowed last year to record its weakest growth since 2012, but since late last year there have been growing signs that Brexit uncertainty is taking a toll. "The impact on confidence caused by Brexit uncertainty continues to pose a notable risk to the domestic economy, also highlighted by job security perceptions becoming increasingly negative in February," IHS Markit economist Joe Hayes said.
The Bank of England can probably raise interest rates only about once a year, given the weakening of the economy in Britain and around the world, and even that slow pace might be too much, a top policymaker at the central bank said. Gertjan Vlieghe, one of the BoE's nine interest-rate-setters, also estimated that Britain's vote to leave the European Union had cost the economy about 800 million pounds ($1.03 billion) a week since the June 2016 referendum.
European shares rose on Wednesday as optimism about trade talks lifted global markets and data showed earnings growth forecasts for Europe were stabilising after steep downward revisions. The pan-European STOXX 600 index was up 0.6 percent, rising for the third straight session, with Germany's trade-sensitive DAX up 0.4 percent. Wall Street also extended its rally as hopes grew that the U.S. and China would hammer out a trade deal and avert a new round of U.S. tariffs on imports from China set to kick in next month.
British inflation fell to a two-year low in January, dipping below the Bank of England's target and offering some relief to consumers who have tightened their belts ahead of Brexit. Consumer prices rose ...
Market expectations of an interest rate hike by the Bank of England this year dipped further after inflation fell to a two-year low in January. Consumer prices rose at an annual rate of 1.8 percent in ...
Bank of England Governor Mark Carney warned on Tuesday of the potential shock to Britain's economy from Brexit which could serve as an "acid test" for countries around the world trying to respond ...
The difference in yields between short and longer-dated British government bonds fell on Monday to its narrowest since shortly after the 2016 Brexit referendum on concerns about the weakening growth outlook. ...
Sterling was headed on Friday for its worst weekly decline since October, with a stalemate over Brexit weighing on the currency and leading the Bank of England to cut its UK growth forecast. The pound has strengthened in 2019 on expectations that a disorderly no-deal Brexit can be averted but worry among investors has returned with less than two months until Britain is due to exit the EU and no obvious path to a deal in sight. The EU on Friday urged British Prime Minister Theresa May to grasp an offer from the Labour opposition to break an impasse over Brexit, but that would reverse May's determined position.
Sterling on Friday was headed for its worst weekly decline since October with a stalemate over Brexit weighing on the currency and leading the Bank of England to cut its growth forecast. In a letter to May released on Wednesday, Labour leader Jeremy Corbyn set out five conditions for Labour to support a deal, including a "permanent and comprehensive" customs union with the bloc, which May has ruled out.
British employers cut the number of staff they hired through recruitment agencies last month for the first time since July 2016, according to a survey of recruiters that adds to mounting evidence of business caution ahead of Brexit. The permanent jobs placement index in the monthly KPMG/Recruitment and Employment Confederation (REC) Report on Jobs fell to 49.7 from 53.7, below the 50 dividing line between growth and contraction for the first time since just after 2016's referendum on leaving the European Union. The overall number of vacancies for staff increased at the slowest rate since October 2016, Friday's survey showed.
The U.S. dollar rose against the euro on Thursday amid growing worries about the deteriorating growth outlook for the euro zone area, but slipped against the safe-haven yen over renewed concerns over trade tensions between United States and China. The European Commission sharply cut its forecasts for euro zone economic growth this year and next because it expects the bloc's largest countries to be held back by global trade tensions and domestic challenges. The euro was 0.11 percent lower against the greenback, on pace for its fourth session of losses.
The Bank of England said Britain faces its weakest economic growth in a decade this year as uncertainty over Brexit mounts and the global economy slows, but interest rates will eventually rise if an EU ...