not vested
C Suisse Cites AAC TECH: Limited Impact from Huawei Ban; to Meet 2Q Optics GM Target of 30%
AC TECH (02018.HK)'s management saw limited impact from the US side's Huawei ban, adding China's 5G buildout was on track, cited by Credit Suisse.
While the restrictions will mainly affect its precision mechanics business, AAC TECH's overall strategy will not be changed by the Huawei incident.
The firm was confident in meeting its 30% optics GM target for 2Q20, while modelling the 2H20 ASP at around RMB4-4.5.
C Suisse: AAC TECH (02018.HK) 1Q20 Results In-line with Guidance
Overall, AAC TECH was kept at Neutral, with a target of $47.3.
Source: AAStocks Financial News