Goldman Sachs lowers the target price of AAC TECH to 62.5 yuan, maintaining a "Buy" rating
Goldman Sachs published a research report stating that AAC TECH (02018.HK) benefited from product mix upgrades and customer specification enhancements in its optical business in the second half of last year, driving the overall gross margin up to 23%.
After considering AAC TECH's latest announced performance, the firm has lowered its earnings forecasts for 2026 and 2027 by 1% and 2% respectively, mainly reflecting a decline in revenue from the acoustic business due to a shift towards high-end products. The firm has reduced the company's target price from HKD 68.6 to HKD 62.5, maintaining a "Buy" rating
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments