[ET Net News Agency, 11 February 2022] HSBC Global Research lowered its target price
for AAC Tech (02018) to HK$24.1 from HK$41.6 and downgraded its rating to "hold" from
"buy".
The research house said it cuts 2021-23e net profit estimates by 16-28%, mainly to
factor in its cautious view on optics. (RC)