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China Daily Mail


China Daily Mail

China’s rigid capital rules ban its citizens from investing directly in Apple Inc but that’s not keeping them from seeking a piece of the iPhone maker’s success by buying shares in its suppliers – and even companies rumoured to be suppliers.

Investors have flocked to the only two China-listed firms that Apple has confirmed as suppliers, sending their valuations to lofty levels, while speculation has become rife in firms thought to be indirectly doing business with the technology giant.

Suzhou Anjie Technology Co Ltd has jumped more than 30 percent and Warren Buffett-backed carmaker BYD Co Ltd has gained more than 15 percent since mid-January, when they were cited on Apple’s first-ever suppliers’ list. China’s benchmark Shanghai Composite Index is up 5.6 percent for the same period.

“Investors want to share in Apple’s growth as they believe sales of iPhones and iPads will remain strong,” said Zhou Feng, analyst at…

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About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net

Discussion

2 thoughts on “

  1. Craig,
    I have been reading your posts and enjoying them, however I am having difficulty with the like button on posts here recently so am not able to “like” it. Will get a hold of WordPress.

    Posted by chasingtheperfectmoment | April 25, 2012, 05:45
  2. Thanks for following, and glad you enjoy the stories.

    Not sure about the problem you describe 😦 Perhaps if you follow the link to the full story on China Daily Mail, and click the Like button there?

    Hope WordPress can fix the problem for you.

    Posted by Craig Hill | April 25, 2012, 07:38

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