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<Research>JPM Keeps Rating at Overweight on AAC TECH (02018.HK), Sees New AI Project as Future Catalyst
Recommend 3 Positive 5 Negative 2 |
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AAC TECH (02018.HK)'s management held a positive view for 2026 outlook, benefiting from solid growth from its thermal and auto businesses, which can offset the weakness in the smartphone market, JPMorgan published a research report saying. The broker remained optimistic about the Company due to its business diversification into not only the thermal market but an advanced AI hardware project from a major US cloud service provider (CSP), which is believed to become the next catalyst, if demand increases in 2027. Therefore, JPMorgan set its target price at $65, with rating kept at Overweight. AASTOCKS Financial News Website: www.aastocks.com |
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