AAC Technologies 2018

Re: AAC Technologies 2018

Postby winston » Fri Nov 08, 2019 1:59 pm

not vested

<Blue Chip Results>AAC TECH (02018.HK) 1-3Q NP Falls 46.8% to RMB1.47B

AAC TECH (02018.HK) announced first three quarter results ended September 2019.

Net profit amounted to RMB1.465 billion, down 46.8% yearly.

EPS eqauled RMB1.21.

During the third quarter alone, net profit was RMB695 million, down 29% yearly.

Source: AAStocks Financial News
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Re: AAC Technologies 2018

Postby winston » Sun Nov 10, 2019 7:13 am

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AAC Tech nine-month profit slumps by 47pc to 1.4b yuan

AAC Technologies (2018) said net profit for the first nine months dropped by 47 percent year-on-year to 1.47 billion yuan.

Third-quarter revenue grew by 31 percent to 5.01 billion yuan, while the aggregated revenue for the first nine months fell by 5 percent from a year ago to 12.58 billion yuan.

Gross profit margin for the first nine months in 2019 dropped by 8.5 percentage points to 28.4 percent.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 1108&sid=2
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Re: AAC Technologies 2018

Postby winston » Sun Nov 10, 2019 7:13 am

not vested

AAC Tech nine-month profit slumps by 47pc to 1.4b yuan

AAC Technologies (2018) said net profit for the first nine months dropped by 47 percent year-on-year to 1.47 billion yuan.

Third-quarter revenue grew by 31 percent to 5.01 billion yuan, while the aggregated revenue for the first nine months fell by 5 percent from a year ago to 12.58 billion yuan.

Gross profit margin for the first nine months in 2019 dropped by 8.5 percentage points to 28.4 percent.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 1108&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: AAC Technologies 2018

Postby winston » Mon Nov 11, 2019 1:12 pm

AAC Technologies (2018 HK)
3Q19: Improving But Not Enough; Downgrade To SELL


AAC Technologies’ 3Q19 net profit fell 29% yoy but leapt 106% qoq, coming in 8% below consensus mean forecast on weaker-than-expected gross margin.

Nonetheless, 3Q19 revenue growth and margin recovered qoq as expected albeit a tepid recovery.

We raise our target price to HK$44.80 as the worst should be over for AAC but valuations are stretched now after the share price rally.

Downgrade to SELL.

Source: UOBKH

https://research.uobkayhian.com/content ... e35457c3d5
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Re: AAC Technologies 2018

Postby winston » Mon Nov 11, 2019 1:41 pm

<Research Report>Nomura Hikes AAC TECH (02018.HK) TP to $53.3; Rated Neutral

Nomura attributed AAC TECH (02018.HK)'s 3Q19 results miss to weaker GM.

The broker lowered the company's 2019E earnings by 9.4% to reflect the 2Q19 and 3Q19 misses, yet raising the 2020E-2021E sales to factor in new iPhone sales volume, future waves of 5G upgrade and revenue hike from Optics and Precision Mechanics.

The company was retained at Neutral with target price added to $53.3 from $47.8.

Source: AAStocks Financial News
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Re: AAC Technologies 2018

Postby winston » Mon Nov 11, 2019 2:11 pm

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AAC TECH(2018)

Analysis:
AAC announced its results for the first three quarters of 2019.

In the third quarter of 2019, the Group`s business structure continued to improve, and overall revenues improved significantly compared to the previous two quarters.

Revenue in the third quarter reached RMB 5 billion, an increase of 31% from the previous quarter and an increase of 3% from the same period last year.

Gross profit margin was 29.6% in the third quarter, up 4.6 percentage points quarter-on-quarter and down 7.5 percentage points year-on-year;

Net profit was RMB 700 million, net profit margin was 13.9 %, up 5 percentage points quarter-on-quarter! and down 6.1 percentage points year-on-year.

Due to the continuous improvement in revenue in the second and third quarters of 2019, the negative impact of the first quarter was substantially offset.

The Group`s total revenue for the first three quarters was RMB 12.58 billion, a slight decrease of 5% year-on-year.

Gross profit margin was 28.4%, down 8.5 percentage points year-on-year;

Net profit was RMB 1.47 billion, down 47% year-on-year.

The Group`s financial condition remained stable, with operating cash inflows of RMB 2.7 billion in the first nine months of 2019.

After deducting the main capital expenditure of RMB 2 billion, as of September 30, 2019, the Group`s book cash was RMB 2.9 billion and the net gearing ratio remained at a healthy level of 10.5%.

Strategy:
Buy-in Price: $51.00, Target Price: $57.50, Cut Loss Price: $45.80

Source: Phillips
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