China Optical Transceiver_ Nov-24 Exports_ Jiangsu +40% Y_Y; Sichuan +182% Y_Y
-·2024-12-26 03:07
Flash | 22 Dec 2024 20:51:23 ET │ 11 pages Nov-24 Exports: Jiangsu +40% Y/Y; Sichuan +182% Y/Y CITI'S TAKE Jiangsu optical transceiver export value in Nov-24 maintained steady momentum, recording +40% YoY or -2% MoM at Rmb1.8bn, per Customs data. Sichuan transceiver export value in Nov-24 rose +182% YoY or +33% MoM to Rmb1.1bn, a historical high, boding well for a strong 4Q24 for Eoptolink. We believe Sichuan's strong export value indicates robust 4Q24 demand, though somehow in-price, while the MoM decline ...