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02018 AAC TECH
RTNominal down37.050 -0.200 (-0.537%)
Research Report

03/02/2021 14:49

{I-bank focus}UBS lifts AAC Technologies (02018) to HK$32.5

[ET Net News Agency, 3 February 2021] UBS Global Research lifted its target price for
AAC Technologies (02018) to HK$32.5 from HK$32 and maintained its "sell" rating.
The research house lowered its 2021-22 earnings forecasts 18-19%, mainly to reflect
AAC's weaker profitability. Although some investors are optimistic about the volume growth
for AAC's handset lenses and the potential adoption of Wafer Level Glass (WLG) in 2021,
UBS remains conservative on profitability given intensifying pricing competition in mid-
to low-end handset lenses.
UBS said AAC is expanding acoustic and haptics products to the mid-range smartphone
segment to mitigate the impact from share loss and lower ASPs in the iPhone supply chain,
but the slower pace of upgrades in Android smartphones should cap the growth. (KL)

Remark: Real time quote last updated: 29/09/2021 10:56
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