JPMorgan: Raises the target price of Goertek Technology to HK$65 and maintains an "overweight" rating.

JPMorgan Chase released a research report stating that AAC Technologies' management presented a positive outlook on the gross profit margin for the second half of the year during an analyst conference, expecting an increase in production of new high-end products and continued improvement in the optical business to drive growth. Revenue expectations for the second half of the year also exceeded market expectations, benefiting from significant growth in new businesses such as thermal conductivity and automotive acoustics, as well as upgrades to existing product specifications. The bank holds a stable outlook for the company and has a positive view on the long-term prospects in artificial intelligence, robotics, and automotive sectors, raising the target price from HK$60 to HK$65 and maintaining a "buy" rating.