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02018 AAC TECH
RTNominal up24.550 +0.400 (+1.656%)
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18/04/2018 15:16

[I-bank focus]Goldman ups AAC Technologies (02018) to HK$203

[ET Net News Agency, 18 April 2018] Goldman Sachs lifted its target price for AAC
Technologies (02018) to HK$203 from HK$198 incorporating its revised estimates, and
reiterated its "buy" rating.
The research house updated its 4Q 2017 numbers for AAC and made minor changes to its
2018-2020 EPS estimates, factoring in updates of its global team's forecasts for Apple
unit shipments.
Goldman said key risks are slower iPhone/Android end demand, slower hybrid lens
adoption, intensified pricing competition on acoustic business. (KL)

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