Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02018 AAC TECH
RTNominal up29.200 +1.050 (+3.730%)
Others

09/11/2018 17:37

[I-bank focus]CS lowers AAC Technologies (02018) to HK$57

[ET Net News Agency, 9 November 2018] Credit Suisse lowered its target price for AAC
Technologies Holdings (02018) to HK$57 from HK$66 and maintained its "neutral" rating for
limited spec/ASP upgrade in key customer over 12-18 months.
The research house said AAC's 3Q results were a big miss. Sales/GM were below Credit
Suisse's estimates by 17%/1pp on lower sales from haptic/precision mechanical, resulting
in a poor mix.
Management expects further penetration of SLS in midtier Android phones. They believe
ASP increase is unlikely, but it will improve utilisation to increase gross margin (GM).
Credit Suisse thinks 3Q GM for acoustic/haptics already benefited slightly from RMB
depreciation. It cut its 2018-20 EPS forecasts by 13-16%. (KL)

Remark: Real time quote last updated: 19/09/2024 17:02
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.