not vested
DJ MARKET TALK: AAC Tech On Track To Deliver Solid 3Q - Macquarie
Nov 2, 2012
1124 [Dow Jones] Macquarie says that following the successful launch of the newest phone and tablet products by AAC Technologies' (2018.HK) North American customer, its checks indicate the company is on track to deliver a set of solid 3Q12 results.
"We expect it to guide above street expectations for 4Q12." The house says that despite recent concerns over market share gains by AAC's main PRC domestic competitor, Geortek, it believes there is little near-term threat to the AAC's leading position in dynamic components.
Macquarie keeps the stock at Outperform although its target price of HK$27.00 is below the current share price.
Source: Dow Jones & Company, Inc.