[ET Net News Agency, 11 October 2021] Credit Suisse lowered its target price for AAC
Tech (02018) to HK$41.8 from HK$59.2 and downgraded its rating to "neutral" from
"outperform".
The research house said it cuts 2021-23E EPS by 20-23% on lower ASP/GM due to weakness
in Android phones, severe competition and utilisation fluctuation. (RC)