Analyst Alex NG of CMB International Securities maintained a Buy rating on AAC Technologies Holdings, reducing the price target to HK$60.55.
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Alex NG has given his Buy rating due to a combination of factors including AAC Technologies Holdings’ solid financial performance and promising future outlook. The company’s revenue and net profit for the first half of 2025 showed significant year-over-year growth, aligning with expectations despite a slight dip in gross profit margin. This performance was bolstered by strong sales growth and one-time fair value gains.
Furthermore, AAC Technologies is positioned to benefit from the AI-driven upgrade cycle, particularly in areas such as acoustics, optics, and MEMS. The management’s optimistic guidance for the second half of 2025, including expectations for gross profit margin recovery and sales growth, supports a positive outlook. Near-term catalysts, such as the launch of AI phones and glasses, along with order wins, are expected to drive further growth, making the stock an attractive buy opportunity.
In another report released today, DBS also maintained a Buy rating on the stock with a HK$61.00 price target.