AAC TECH (02018) surged nearly 7% again, rising 6.66% to HK$50.5 as of press time, with trading volume reaching HK$643 million. On the news front, AAC TECH plans to hold a board meeting on August 21 (this Thursday) to approve its interim results.
China Merchants Bank International previously issued a research report stating that it expects AAC TECH's first-half revenue and net profit to grow 24% and 66% year-on-year respectively, driven primarily by acoustic and haptic product specification upgrades from major U.S. customers, increased orders for thermal management products, acquisition of automotive acoustic customer orders, and improved profitability in the optical business.
Additionally, Bank of America Securities indicated that AAC TECH's fundamentals are improving, driven by smartphone component specification upgrades and improving business conditions in optical products. The firm expects the company to achieve more stable growth and return to an upward cycle. The bank forecasts that AAC TECH's revenue will experience double-digit growth from 2025 to 2027, with profit margins also improving.
Meanwhile, major peer Sunny Optical's strategy of moving toward the high-end market will create greater growth opportunities for AAC TECH in the mid-to-high-end market segments.
