[ET Net News Agency, 7 April 2022] HSBC Global Research lowered its target price for
AAC Tech (02018) to HK$21.8 from HK$24.1 and maintained its "hold" rating.
The research house said it cuts 2022-23e net profit estimates by 4-9%, mainly to factor
in its cautious view on optics and lower gross margin assumptions for the legacy business.
(RC)