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AAC TECH Share Gains Amplified to 11%+ as Citi Raises TP to HKD48
2026-05-13 15:54:29 AAC TECH (02018.HK) peaked at HKD43.6 in the afternoon session, and last quoted at HKD43.38, up 11.52%, with 26.0903 million shares traded, involving HKD1.102 billion. Citi published a research report forecasting that Apple's iPhone 18 production will reach 84 million units in 2H26, all of which will be high-end models, driving AAC TECH's haptics and VC heat dissipation businesses. The broker was also upbeat about the Group's data center liquid cooling business, believing it could help diversify risks from its consumer electronics operations over the long term. Citi raised its EPS forecasts for AAC TECH for 2026-28 by 3%/ 3%/ 2% to reflect higher ASPs for iPhone VC heat dissipation products and opportunities from new data center businesses. The TP was lifted from HKD40 to HKD48. The Buy rating was maintained. ~ AASTOCKS Financial News Website: www.aastocks.com | |