AAC Tech (02018) rose more than 6% intraday. As of the time of writing, it has risen by 3.7% to HKD 29.45, with a turnover of 0.105 billion HKD.
According to the Zhitong Finance app, AAC Tech (02018) rose more than 6% intraday. As of the time of writing, it has risen by 3.7% to HKD 29.45, with a turnover of 0.105 billion HKD.
On the news front, Goldman Sachs recently released a report stating that Huawei launched the 'Three-fold' phone Mate XT on September 11, with a starting price of RMB 19,999 per unit. The bank has seen leading smartphone brands introduce various forms of foldable smartphones from June to September this year, including flip-fold and three-fold smartphones. The bank is optimistic about the new size and shape of smartphones, which may attract more end users to switch phones.
In terms of audio and camera, the bank stated that foldable phones require thinner bodies to control the total thickness when folding, which in turn creates a demand for thinner speakers and cameras. Foldable phones bring opportunities for AAC Tech's high-end products, such as innovative applications of AAC's speaker technology, new materials, and industry-leading thin and high-performance speakers.