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02018 AAC TECH
RTNominal up29.500 +1.100 (+3.873%)
Others

14/08/2019 15:56

{I-bank focus}HSBC trims AAC Technologies (02018) to HK$35.4

[ET Net News Agency, 14 August 2019] HSBC Global Research lowered its target price for
AAC Technologies Holdings (02018) to HK$35.4 from HK$37.4 and maintained its "hold"
rating.
The research house believes AAC is benefiting from specs upgrades at Android customers.
For acoustics, AAC is on track to penetrate advanced SLS solutions (from the current 0.3mm
fluctuating amplitude to 0.4-0.5mm) to realise better sound quality.
HSBC expects double-digit selling price hikes for the new solutions compared to previous
versions.
AAC is scheduled to release its 2Q results on 23 August. HSBC expects its net profit to
decline 15% to RMB557m. HSBC trimmed its 2019-21 net profit estimates by 8%, 8%, and 6%,
respectively, mainly to factor in a lower smartphone demand outlook and a slower adoption
in stepper motors. (KL)

Remark: Real time quote last updated: 23/09/2024 17:59
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