Futu: Raises target price for AAC TECH (02018) to HKD 43, reiterates "Hold" rating
The bank has slightly raised its net profit forecast for the company for 2026 and 2027 by about 2%, and has increased the target price from HKD 37 to HKD 43, maintaining a Hold rating.
Futray released a research report stating that AAC TECH (02018) achieved revenue and gross margin in the first half of the year that met expectations, with emerging businesses showing long-term growth potential; however, the management team still needs time to demonstrate its execution capability. The bank slightly raised its net profit forecast for the company for 2026 and 2027 by about 2%, and raised the target price from HKD 37 to HKD 43, maintaining a Hold rating.
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