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02018 AAC TECH
RTNominal up25.600 +1.050 (+4.277%)
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19/10/2018 13:47

[I-bank focus]Nomura lowers AAC Tech (02018) to HK$72.2

[ET Net News Agency, 19 October 2018] Nomura lowered its target price for AAC
Technologies (02018) to HK$72.2 from HK$99.5, and maintained its "neutral" rating.
The research house said AAC is facing rising competition in acoustics and haptics. As
the new iPhones have ramped in 3Q, competitor Luxshare's progress in both iPhone acoustics
and haptics was better than expected.
Nomura cut its earnings forecasts by 10-12% for 2018-19, of which ~4-5% is due to its
more cautious smartphone volume assumption and the rest is due to competition in acoustics
and haptics. (KL)

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