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02018 AAC TECH
RTNominal down28.400 -0.800 (-2.740%)
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29/05/2018 14:56

[I-bank focus]AAC Tech's seminar reaffirms bullish view

[ET Net News Agency, 29 May 2018] Goldman Sachs attended AAC Technologies' (02018)
annual supplier technology seminar on 25 May. The research house walked away feeling
confident about AAC's long-term positioning given the breadth of its technologies
(acoustic, optics, haptics, 3D glass and antenna) in making the next generation smartphone
more compelling.
In the near term, Goldman believes the revenue from acoustic, haptics and optics will be
the key drivers given the adoption cycle from major smartphone makers in 2H. It also
believes WLG (wafer level glass) is well underway in being adopted by 3D sensing and
imaging applications in the current quarter with more projects in 3Q.
Goldman reiterated its "buy" call on AAC, with a target price of HK$188. (KL)

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