AAC Technologies 2018

Re: AAC Technologies 2018

Postby winston » Fri Dec 14, 2018 1:54 pm

not vested

<Research Report>HSBC Trims AAC TECH TP to $49.8; Not out of Mud amid Growing Competition

HSBC Global Research believed AAC TECH (02018.HK)'s acoustic/ haptic products are in face of feeble market growth and intensified competition, hence reiterated the rating at Hold with target price cut to $49.8 from $87.

The research house did not think the tech company is out of mud yet, in light of an 8% net profit CAGR in 2018-20E, vs a 25% historical average.

Source: AAStocks Financial News
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Re: AAC Technologies 2018

Postby winston » Fri Jan 04, 2019 1:08 pm

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<Research Report>BofAML Downgrades AAC TECH (02018.HK) to Underperform, TP Cut to $35

Bank of America Merrill Lynch downgraded AAC TECH (02018.HK) from Neutral to Underperform, with price objective cut sharply from $63 to $35.

The 2018-20 EPS forecasts for AAC TECH were trimmed by 1%/ 19%/ 27% to RMB3.29/ RMB3.07/ RMB3.43, factoring in the 14% cut in iPhone shipment estimate, easing global smartphone demand, ASP pressure and slower product upgrades.

The broker also projected a 7% YoY decline in the 2019 EPS of AAC TECH.

Equally, AAC TECH's new product launch is insufficient to offset its plights under keener competition with Luxshare Precision (002475.SZ).

Source: AAStocks Financial News
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 » Tue Feb 26, 2019 10:23 am

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<Profit Warning>AAC TECH 1Q Profit May Slip 65-75%; Max. Profit RMB390M

AAC TECH (02018.HK) issued a profit warning, expecting the profit attributable to the Shareholders for the three months ending 31 March 2019 (Q1 2019) is expected to decline to a range of RMB280 million and RMB390 million, representing a decline of 65% to 75% as compared with that for the corresponding period in 2018.

In addition to a usual weak seasonal quarter, the Company's revenue for Q1 2019 is expected to be significantly negatively affected by reduced orders from customers.

The resulting product composition due to transition stage and contracting production volume is expected to adversely impact Q1 2019's gross profit margin, and thus net profit.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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