JP-AAC @EC2609A

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KINTOR PHARMA-B

XunZhong

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HP LIVING TECH

NANFANG COMM

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02018

AAPB

AAPX

AAPU

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AAPL

The research report from China Merchants Bank International points out that the iPhone 17e and M4 iPad Air launched by Apple will enhance its position in the mid-range market, and is expected to have a positive impact on Apple's supply chain in the first half of 2026. The firm is optimistic about companies related to Apple's sales, such as LUXSHARE-ICT, Hon Teng Precision, and AAC TECH, and has given buy ratings on the related stocks with target prices of 60.55 yuan, 43.54 yuan, 7.33 yuan, and 75.55 yuan, respectively

AASTOCKS

AAC TECH

GraniteShares 2x Long AAPL Daily ETF

T-Rex 2X Long Apple Daily Target ETF

Direxion Daily AAPL Bull 2X Shares

LUXSHARE-ICT

Apple

CITIC International: The iPhone 17e and M4 iPad Air are expected to debut with aggressive price-performance ratios, which is likely to benefit "Apple supply chain stocks."

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The research report from China Merchants Bank International indicates that Apple's performance in the first quarter of fiscal year 2026 is impressive, with revenue increasing by 16% year-on-year, mainly driven by strong iPhone sales and a recovery in the Chinese market. It is expected that the iPhone cycle and price cycle will remain strong, and Apple will leverage its supply chain advantages to cope with cost pressures. The firm prefers companies that can achieve market share growth during the new product cycle, including LUXSHARE-ICT, AAC TECH, FIT HON TENG, and BYD ELECTRONIC, and has provided corresponding investment ratings and target prices

FIT HON TENG

BYD ELECTRONIC

CITIC International expects Apple's strong momentum to continue, prefers supply chain stocks

AAC Technologies Holdings Inc. has submitted an updated director list to the Hong Kong Stock Exchange. The executive directors include CEO Mr. Pan Benjamin Zhengmin and Managing Director Mr. Mok Joe Kuen Richard, with Ms. Wu Ingrid Chun Yuan as a Non-executive Director. The board features several Independent Non-executive Directors, including Chairman Mr. Zhang Hongjiang. Key committee roles are outlined, with Mr. Zhang leading the Nomination Committee and Mr. Kwok Lam Kwong Larry chairing the Audit and Risk Committee. This information is for informational purposes only and not financial advice.

Reuters

AAC Technologies Files Director List with HKEX

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AAC Technologies Holdings Inc. has appointed Mr. Cheng James Su-Ting as an independent non-executive director, effective January 27, 2026. Mr. Cheng has degrees in computer science, business administration, and law, and is a member of the Virginia State Bar and the District of Columbia Bar.

Ping An CSI Consumer Electronic Theme ETF

AAC Technologies Appoints James Su-Ting Cheng as Independent Non-Executive Director

According to the information, AAC TECH has added a production capacity of 150 million ultra-thin VC heat spreaders for high-performance AI devices, bringing the annual planned production capacity to over 300 million pieces. AAC TECH's sales of cooling products in 2024 are expected to exceed 300 million RMB, with projections indicating that related sales could surpass 1.2 billion RMB in 2025

AAC TECH's ultra-thin VC heat spreader capacity increases by 150 million pieces

The 2026 International Consumer Electronics Show officially kicked off recently. AAC TECH, with the theme "The Future," showcased for the first time a comprehensive humanoid robot solution covering execution systems and perception systems. This solution has already gained recognition from leading industry clients and has begun in-depth co-creation collaborations, including research on finger linear joints, six-dimensional force sensors, and whole-hand assembly, to jointly promote humanoid robot products from the laboratory to real-world applications

AAC TECH launches humanoid robot solutions

According to industry chain news, after AAC TECH acquired the AR diffractive waveguide display technology company Dispelix, the next generation AR products will be mass-produced, with large-scale delivery expected next year

AAC Technologies' next-generation AR products will achieve large-scale delivery next year

AAC TECH announced a donation of 2 million yuan for medical assistance, emergency resettlement, and livelihood support for the disaster-affected residents of Tai Po Hong Fu Court

AAC TECH donated 2 million yuan to support the fire relief efforts in Tai Po, Hong Kong

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Hong Kong stocks showed a mixed performance today, with all three major indices rising. Funds focused on the retail and internet content sectors, with leading company Alibaba showing a significant increase, while there was divergence within the technology and manufacturing sectors. On the macro level, the manufacturing PMI and foreign exchange reserves had little impact on risk appetite. Volatility in popular stocks has intensified, with funds flowing around industry expectations and fundamentals. The top ten trading volumes were concentrated in leading technology and consumer stocks, with a clear structure in fund flow

- On December 2, Hong Kong's three major indices rose, with the Hang Seng Index up 0.61% at 26,191.14 points.  
- Market sentiment appeared neutral, with 684 stocks rising and 720 falling, while retail and internet sectors attracted significant investment amid a focus on consumption recovery.  
- Key stocks included Alibaba, which rose 2.00%, and BYD, which increased by 3.01%, reflecting improved expectations for consumer spending and technological innovation.

Market Heartbeat

COWELL

Q TECH

BABA-W

POP MART

XIAOMI-W

BYD COMPANY

TENCENT

MEITUAN

Alibaba

Hong Kong stock market intraday | Hang Seng Index rises 0.61%, ZTE Corporation declines over 6%! AI smartphones drive overall upward movement in other industry chain targets

AAC TECH (2018.HK) experienced a sluggish market yesterday, facing continuous short selling pressure from the opening phase, with funds flowing out throughout the day. The stock price remained below the 20-day and 60-day moving averages, in a weak consolidation range. The electronics sector as a whole was under pressure, lacking positive stimuli from new consumer electronics products, and the market's trading activity was cautious, reflecting insufficient confidence among market participants regarding the recovery of industry demand. Some institutions believe that the short-term industry "exchanging price for volume" will have limited effects, and the uncertainty in overseas markets has hindered the growth logic of electronic stocks. There were no bright spots in the news to catalyze buying, leading to continued market observation, with reduced volume and fluctuations in the afternoon, indicating significant bottom support pressure. On the technical side, the MACD has just formed a death cross, with short- and medium-term moving averages pressing down, limiting the willingness to rebound. If key support is lost during the session, any unusual fund movements or new news catalysts could become the main suspense for short-term recovery. It is essential to dynamically track changes in volume and price and sector feedback, while being cautious of the risk of inertia-driven downward movements

Technical Forecast

Morning Trend | AAC TECH (2018.HK) shrinks in volume and dips, will a rebound window near support open?

AAC TECH announced that it has signed an agreement to acquire Dispelix Oy, with the transaction expected to be completed in the first half of 202. This acquisition is based on the long-term strategic partnership between the two parties, aimed at promoting technology implementation and market expansion, as well as consolidating its global market leadership

AAC TECH plans to complete the acquisition of Dispelix in the first half of next year

Citibank expects that AAC TECH's acquisition of Dispelix will help expand its XR product portfolio and solution capabilities. AAC TECH has collaborated with Dispelix for many years to jointly develop the next generation of AR devices. This acquisition will allow AAC TECH to shift its focus from domestic AR glasses customers to global AI and AR glasses development opportunities. Citibank has set a target price of 56 yuan for AAC TECH and a "Buy" rating

Citigroup expects AAC Technologies to acquire Dispelix to expand its XR product portfolio and solution capabilities

On November 10th, AAC TECH (2018.HK) experienced a significant intraday decline with a noticeable release of short-term bearish sentiment. The MACD daily line has just turned green, and both the 5-day and 10-day moving averages have been breached, indicating accelerated withdrawal of main funds. The stock price has broken through multiple short-term support levels, showing a weak technical outlook. Especially under the pressure of recent news regarding the overall sluggishness of the consumer electronics sector and the slowdown in smartphone demand, AAC TECH's repeated attempts to stabilize have been interrupted by selling pressure, leading to a continuous deterioration of market sentiment. 

There are many external factors affecting AAC TECH: the unexpectedly conservative performance guidance from leading overseas manufacturers like Apple has generally put pressure on high-quality leading stocks; the company itself lacks new products or performance boosts to counter the weak market environment, resulting in a loss of defensive positions and a prevailing wait-and-see atmosphere. Many investors noticed during the intraday decline that there were attempts to catch a rebound, but these were quickly swallowed by amplified declines, indicating that short-term trading still dominates, with insufficient buying momentum and increasing divergence signals. 

From the perspective of fund structure, AAC TECH's short-term defensive strength is continuously eroding, with new funds showing a strong wait-and-see sentiment. Key support areas during the trading session (such as previous lows and important moving average intersections) have become the focus of the long-short capital game. If there are significant large orders attempting to catch a rebound or a short-term rebound across the entire sector (such as consumer electronics), there may be opportunities for a phase of oversold rebound, but the current pressure pattern has not fundamentally changed. 

Technically, the daily MACD has just turned green, and the increased volume indicates the withdrawal of institutional funds

Morning Trend | AAC TECH experiences a volume drop, is the support zone entering a critical moment for speculation?

Hong Kong stocks opened high and moved higher, with technology stocks and pharmaceutical stocks rising together. The technology index rose 2.35%, Tencent Music surged more than 15% after earnings, and Alibaba rose more than 4%.

BABA-WR

Alibaba HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Tencent Music

TME-SW

FI2 CSOP HSI

VIVA BIOTECH

JOINN

Asymchem

CHINA LIT

CANBRIDGE-B

MEITUAN-WR

Meituan HK SDR 5to1

Meituan

XI2CSOPHSTECH

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

KUAISHOU-W

KUAISHOU-WR

AB&B BIO-TECH-B

BEONE MEDICINES

BeOne Medicines

Beigene

BILIBILI-W

Bilibili

BIDU-SW

BIDU-SWR

Baidu

FL2 CSOP HSI

PHARMARON

Pharmaron

JD-SW

JD-SWR

JD HK SDR 10to1

JD.com

WEIMOB INC

XL2CSOPHSTECH

INNOVENT BIO

Hong Kong stock hot trading (8.13)｜ Hong Kong technology stocks fully exploded, Tencent hit a four-year high, Alibaba surged over 4%

SMIC/Huahong's impressive performance boosts chip stocks, Apple's $100 billion investment in risk aversion stimulates the supply chain, and the rebound in coal prices fuels energy stocks.

SMIC

CHINA SHENHUA

CSEC/China Shenhua

China Shenhua Energy

HUA HONG SEMI

Hua Hong

CE HUADA TECH

Lens

CHINA COAL

China Coal Energy

ETHK LABS INC.

INNOSCIENCE

SHANGHAI FUDAN

FMSH

SMIC HK SDR 5to1

Hot Trades in Hong Kong Stocks (8.12)｜SMIC/Hua Hong's Q3 Guidance Exceeds Expectations, Apple Supply Chain Soars, Coal Shortage Boosts Stock Prices!

JP-AAC @EC2609A(26795.HK)

CITIC International: The iPhone 17e and M4 iPad Air are expected to debut with aggressive price-performance ratios, which is likely to benefit "Apple supply chain stocks."

CITIC International expects Apple's strong momentum to continue, prefers supply chain stocks

AAC Technologies Files Director List with HKEX

AAC Technologies Appoints James Su-Ting Cheng as Independent Non-Executive Director

AAC TECH's ultra-thin VC heat spreader capacity increases by 150 million pieces