Not vested.
DJ MARKET TALK: Goldman Keeps AAC Acoustic At Buy; HK$13.8 Target
Jan 5, 2010
1544 [Dow Jones] STOCK CALL: Goldman Sachs removes AAC Acoustic (2018.HK) from its Conviction Buy list as says Delta Electronics (2308.TW) now provides higher potential upside among its coverage group. Still, keeps Buy rating on AAC based on its secular growth in acoustic space, upside potential in LED (light-emitting diode) TV speaker market.
"We believe AAC is well-positioned to become the major component supply for OEMs at the expense of weakening Japanese peers, and that it should offer sustainable cash returns in the next 3 years."
Target unchanged at HK$13.80. Stock +1.4% at HK$12.96.
Source: Dow Jones Newswire