Goldman Sachs maintains a "buy" rating on Sunny Optical Technology (02018.HK) with a target price of 63.6 Hong Kong dollars.
Zhixin Finance APP learned that Goldman Sachs released a research report stating that they still have a positive outlook on AAC Technologies (02018.HK) and expect the scale and mix of the optical business to improve, as well as the long-term opportunities in the automotive, artificial intelligence/AR glasses, and robotics businesses, which will further enhance profitability. They maintain a "buy" rating with a target price raised from HK$62 to HK$63.6. The bank also raised the profit forecasts for AAC Technologies for the years 2025 to 2027 by 14%, 3%, and 4% respectively, while revenue forecasts were also adjusted up by 1%, 1%, and 3% to reflect the performance in the first half of this year.
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