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<Research>G Sachs Lifts AAC TECH's TP to HKD63.6; Rating Kept Buy
Recommend 3 Positive 15 Negative 4 |
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AAC TECH (02018.HK)'s optical business gross profit took a leap in 1H25, but the blended gross margin fell to 20.7%, according to a Goldman Sachs report. The broker predicted the 2H25 gross margin to recover to 23.6% on tailwinds such as improvement in handset lens gross profit to over 30%, recovery in acoustic business gross profit thanks to mass production of mid-to-high-end projects, and diversification in automotive acoustics and cooling business with higher profit margins. Goldman Sachs kept a Buy rating on AAC TECH and raised its target price from HKD62 to HKD63.6. AAStocks Financial News |
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