[ET Net News Agency, 16 May 2022] Macquarie lowered its target price for AAC Tech
(02018) to HK$11.94 and downgraded its rating to "underperform" from "neutral".
The research house said it lowered its 2022/23/24E net income by 38%/28%/18% to reflect
GM% erosion and an increasing mix of the lower-margin optics business. (RC)