HSBC Global Investment Research issued a report on AAC TECH (02018.HK) +0.720 (+1.505%) Short selling $31.54M; Ratio 10.510% , which has logged strong share price performance recently, leapfrogging 30% over the past three months and sharply outperforming the HSCEI over the same period. The rally was mainly motivated by breakthroughs in its thermal management business and solid iPhone shipment guidance, which boosted order growth.The market forecast Apple to launch the iPhone 20 in 2027 with under-display speakers. HSBC Global Investment Research believed AAC TECH is well positioned to benefit from value enhancement driven by upgraded acoustic specifications. The broker raised its net profit forecasts for 2026 and 2027 by 4% and 6%, respectively, to reflect growth in the thermal management business. The TP was lifted from HKD53.9 to HKD58.3, with a Buy rating maintained. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-17 12:25.)
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