[ET Net News Agency, 10 August 2021] Credit Suisse raised its target price for AAC Tech
(02018) to HK$63.1 from HK$48.5 and maintained its "outperform" rating.
The research house said it lowers 2021E EPS by 6% to reflect lower-than-expected
utilisation in 2Q21 including impact from Vietnam COVID-19, but keep 2022/23E EPS largely
unchanged as it is positive on the optics prospect with share gain in the Android
smartphone market. (RC)