Analyst Alex NG from CMB International Securities maintained a Buy rating on AAC Technologies Holdings and increased the price target to HK$63.54 from HK$58.78.
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Alex NG has given his Buy rating due to a combination of factors that suggest strong future growth for AAC Technologies Holdings. The company is expected to achieve significant revenue and net profit increases, driven by advancements in several key segments such as acoustics, electromagnetic drive, precision mechanics, and optics. These improvements are largely attributed to technological upgrades and new product launches, which are anticipated to enhance AAC’s market position and profitability.
Furthermore, AAC is well-positioned to capitalize on emerging opportunities in AI, foldable and ultra-thin phones, AI glasses, and automotive acoustics and optics. The company’s strategic focus on these areas, along with its robust technology leadership, supports the positive outlook. The stock’s attractive valuation, combined with the expected earnings growth, reinforces the Buy rating, as upcoming product launches and margin improvements are likely to serve as catalysts for further stock appreciation.
According to TipRanks, NG is a 5-star analyst with an average return of 47.6% and a 71.59% success rate. NG covers the Technology sector, focusing on stocks such as Xiaomi, BYD Electronic (International) Co, and AAC Technologies Holdings.