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<Research>G Sachs Lifts AAC TECH (02018.HK) TP to $68.6, Rating Buy
Recommend
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Positive
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Negative
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Goldman Sachs published a research report getting a more optimistic view on AAC TECH (02018.HK) due to its new components (vapor chamber) and promising outlook for iPhone.

The broker raised its 2025-2027 earnings estimations by 1%/ 4%/ 6% each, mainly reflecting increased revenue forecasts from vapor chambers, driven by adoption in more phone models and enhanced unit content from phone specification upgrades.

With improved product mix, production yield and benefits from scale production, Goldman Sachs maintained a positive outlook on its profit margin expansion. Based on a target PE ratio of 25.6x for 2026, the broker lifted its target price from $63.6 to $68.6, with rating at Buy.
AASTOCKS Financial News
Website: www.aastocks.com