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25843 MB-AAC @EP2503A (PUT)
RT Nominal up0.168 +0.018 (+12.000%)

15/02/2024 15:43

{I-bank focus}Citi raises AAC Tech (02018) to HKD25

[ET Net News Agency, 15 February 2024] Citi raised the target price for AAC Tech
(02018) to HKD25 from HKD22 and maintained the "buy" rating.
The research house said it expects 2024E revenue to rise 29% YoY, with 10-15% organic
revenue growth coming from improving Android business, low-base effect on iOS business, in
addition to 17% YoY inorganic growth from PSS consolidation. (RC)

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