GJ-AAC @EC2704A

AAC's CoolFan Cooling Chip Enters Pilot Production, Mass Production Expected in 2027

AAC Technologies Reports Impressive 2025 Financials, Diversified Business Drives Growth

AAC Technologies' ATAHORAN Series 2.2MW/2.6MW Liquid-Cooled CDU Achieves Mass Production and Global Delivery

AAC Technologies repurchased 200,000 shares

AAC Technologies repurchased 500,000 shares for HKD 18.2847 million

AAC Technologies repurchased 113,000 shares

AAC Technologies repurchased 300,000 shares for HKD 10.8425 million

AAC Technologies repurchased 300,000 shares for HKD10.80336 million

AAC Technologies Enters AI Server Market, Forms Dual Track Layout

Guangdong Radio and Television and Yuedi Technology Jointly Built and Operated Liquid-Cooled Data Center

AAC Technologies repurchased 266,000 shares for HKD 9.0312 million

Moody's Upgrades AAC Technologies' Rating to Baa2

AAC Technologies repurchased 450,000 shares

AAC Technologies Sees 410.9% Increase in Thermal Management Revenue in 2025

AAC Technologies repurchased 300,000 shares for HKD 10.3957 million

AAC Technologies Reports FY2025 Earnings and Outlines 2026 Strategy

AAC Technologies repurchased 300,000 shares at a cost of HKD 9.5667 million

Goldman Sachs cuts AAC Tech's profit forecast and target price, maintains 'Buy' rating

CICC Downgrades AAC Technologies' Rating and Target Price

Huashang Jixian Gives AAC Technology a 'Buy' Rating with a Target Price of HKD 41

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On May 8th, at the close, AAC TECH's MACD daily line confirmed a bullish signal above the zero axis, with short-term buying power re-gathering, and the medium-term trend still pointing towards a strong direction. The trading volume that day was approximately HKD 202 million, with volume levels being moderately above recent averages, indicating a recovery in capital participation in the consumer electronics components sector. As a leader in the acoustic and haptic feedback field, AAC TECH's performance is often seen as a leading indicator of the smartphone industry's prosperity. On the news front, with the Apple WWDC conference approaching, the market is filled with expectations for innovative features in the new generation iPhone, and upgrades to edge-side AI functionalities may drive an increase in the unit value of acoustic and haptic modules. Meanwhile, several flagship new models from the Android camp are being released intensively, and as a core supplier, AAC TECH is expected to benefit from the initiation of the new product stocking cycle. The overall performance of the Hong Kong stock electronic equipment sector that day was mixed; semiconductor stocks weakened due to a pullback in U.S. chip stocks, but the components sector gained favor from funds due to order certainty. Sunny Optical Technology rose slightly by 0.45%, providing bottom support as the sector leader. From a technical perspective, the stock price is operating above the short-term moving averages, with the 5-day moving average sloping upwards, forming the first level of support. If trading volume continues to expand and breaks through recent highs, upward momentum is expected to accelerate. It should be noted that the overnight weakness in U.S. chip stocks may cause some emotional disturbance to the upstream of consumer electronics. The short-term trend is biased towards bullishness, with product cycles and technical signals forming a positive resonance. However, if the demand for consumer electronics terminals falls short of expectations or if the order rhythm from major clients is delayed, the current bullish expectations may face adjustments

Technical Forecast

AAC TECH

T-Rex 2X Long Apple Daily Target ETF

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Ping An CSI Consumer Electronic Theme ETF

Direxion Daily AAPL Bull 2X Shares

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SUNNY OPTICAL

Pre-market trend | AAC TECH (2018.HK) 5/8 Consumer electronics recovery, bullish signals emerging?

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Hong Kong's consumer electronics sector saw significant gains today, with several key players experiencing notable increases in their stock prices. According to Jin10, Lens Technologyled the charge with a 6.14% rise. AAC Technologies Holdings Inc.followed with a 3.63% increase, while Cowell e Holdings Inc.edged up by 0.85%. These movements reflect growing investor confidence in the consumer electronics market in Hong Kong.

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STOCKS | Hong Kong Consumer Electronics Stocks Strengthen

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Moody's has upgraded AAC TECH's issuer rating to Baa2, with the outlook revised to stable. This rating upgrade reflects AAC TECH's diversification of revenue sources and customer base, as well as the enhancement of its core product portfolio, which supports revenue growth and margin improvement. At the same time, AAC TECH's prudent financial management, including a stable dividend policy and effective working capital management, also contributes to generating stable free cash flow and reducing leverage levels

AASTOCKS

Guotai CSI All Share Integrated Circuit ETF

ChinaAMC Guozheng Semiconductor Chip ETF

First Trust Nasdaq Food & Semicon

E Fund CSI Semiconductor Material & Equipment Thematic ETF

Harvest CSI All Share Integrated Circuit ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

China Merchants CSI Semiconductor Industry ETF

Harvest SSE STAR Chip ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

China Southern CSI Semiconductor Industry Custom ETF

Moody's has upgraded AAC TECH's issuer rating to Baa2 and changed the outlook to stable

Goldman Sachs published a research report stating that AAC TECH's optical business in the second half of last year benefited from product mix upgrades and customer specification enhancements, 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

Goldman Sachs lowers the target price of AAC TECH to 62.5 yuan, maintaining a "Buy" rating

The CICC research report pointed out that AAC TECH's performance in 2025 is in line with expectations, with revenue of RMB 31.817 billion, a year-on-year increase of 16%; net profit attributable to the parent company is RMB 2.512 billion, a year-on-year increase of 40%. It is expected that global smartphone demand will be under pressure in 2026, lowering the net profit attributable to the parent company for 2023 by 6% to RMB 2.684 billion, and reducing the target price by 23% to HKD 47, maintaining an "outperform industry" rating

CITIC Securities: AAC Tech's performance last year met expectations, but due to pressure on mobile phone demand, the target price has been lowered to 47 yuan

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Morgan Stanley lowered its global smartphone shipment forecast for 2026 by 15%, expecting significant downward pressure mainly due to rising memory costs. It recommends Xiaomi, AAC TECH, BYD ELECTRONIC, and Crystal-Optech. It is expected that smartphone OEM manufacturers will raise prices, which may lead to a shortage in Android smartphone demand. Apple's shipments are expected to decline by 2%, while Android shipments will decrease by 16%. At the same time, it lowered the target price for AAC TECH and BYD ELECTRONIC but maintained an overweight rating

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Morgan Stanley lowers global smartphone shipment forecast for this year by 15%

In a report released yesterday, from J.P. Morgan maintained a Buy rating on AAC Technologies Holdings, with a price target of HK$65.00.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$61.00 price target.

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J.P. Morgan Sticks to Its Buy Rating for AAC Technologies Holdings (AACAF)

Citi released a report stating that AAC TECH's performance in 2025 meets expectations, with net profit increasing by 40% to RMB 2.512 billion. It is expected that revenue growth in 2026 will not be lower than last year, with gross profit steadily improving. Due to the sluggish consumer electronics cycle, the target price-to-earnings ratio has been lowered to 18 times, and the target price has been reduced to HKD 50.4, but the "high conviction outperform the market" rating is maintained. The long-term growth outlook remains unchanged, driven by optical business and emerging technologies

In "The Big Banks," Citigroup: AAC TECH's performance last year met expectations, lowering the target price to 50.4 yuan

GJ-AAC @EC2704A(29614.HK)