As of July 4th, AAC Tech (2018.HK) rose nearly 7% during trading, with a current price of 31.6 Hong Kong dollars and a total market value of 37.87 billion Hong Kong dollars. BOC International has raised AAC Tech's target price to 39 Hong Kong dollars, citing improved prospects for the AI equipment industry until 2025-26 and maintaining a 'buy' rating. Despite reducing AAC Tech's earnings forecast for this year by 1.6% per share due to soft delivery volume from Apple in the first half of the year, the bank increased the company's earnings forecasts by 5% and 12% per share for the years 2025 and 2026, respectively, indicating that AAC Tech's business is on a steady path to recovery.
港股异动丨瑞声科技盘中涨约7% 中银国际升其目标价至39港元
Hong Kong stocks surged: AAC Tech rose by about 7% during the session, and BOC International raised its target price to HK$39.
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