Lyon has respectively raised aac tech's profit forecast for 2024 and 2025 to 1.52 billion yuan and 2.2 billion yuan.
Zhītōng Finance APP learned that Lyon released a research report stating that the target price of aac tech (02018) has been raised from 38.6 Hong Kong dollars to 47.7 Hong Kong dollars, and it has been included in the bank's preferred H-share list of Chinese technology stocks, alongside Xiaomi Corporation-W (01810) and BYD Electronics (00285).
The report states that benefiting from market recovery, cost control, and product portfolio improvement, the bank believes that aac tech's revenue and profit margin are showing a continuous increasing trend. In addition, with the implementation of mobile phone subsidies by the mainland government, the company will become a major beneficiary.
In addition, Lyon has respectively increased aac tech's profit forecast for 2024 and 2025 by 2% and 19%, to 1.52 billion yuan and 2.2 billion yuan each, mainly due to profit margin improvement. At the same time, the company is expected to achieve the goal of achieving optical business revenue and expenditure balance in the fourth quarter of this year.