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02018 AAC TECH
RTNominal up29.950 +1.550 (+5.458%)
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12/01/2018 16:04

[I-bank focus]Citi lowers AAC Technologies (02018) to HK$180

[ET Net News Agency, 12 January 2018] Citi Research lowered its target price for AAC
Technologies Holdings (02018) to HK$180 from HK$208 on lower smartphone demand from China
and lower demand of iPhone X, and maintained its "buy" rating.
The research house still expects AAC to outgrow the market driven by ASP increase for
Android smartphones and mix improvement towards OLED iPhones. Besides, it estimated AAC's
lens business to grow strongly due to market share win on Android smartphones despite a
new entrant.
Citi estimated the company to increase sales by 28% yoy and EPS by 36% yoy in 2018. (KL)

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