China’s BOE Technology Group has risen around 47% since the start of February on a wave of investor interest in the soon to launch ‘foldable’ screen phones from the likes of Huawei, Samsung and Xiaomi.
As Jonathan Callow, senior dealer at Quilter Investors explains, “With the big names in the phone world poised to unveil their latest models, investors have zeroed-in on the supply chains for bendable screen technology.
“Other Chinese players have also rebounded strongly after a tough year; Tianma is up almost 80% this month, Shenzhen Liande has gained 90% and Shenzhen TXD is up 50%. Foldable phones could hit the market in a matter of weeks but early adopters are likely to face prices close to $2,000 each,” he says. “However, this advance could well double global demand for organic LED screens in the coming years and investors are reacting accordingly.”