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

not vested

<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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