AAC Technologies Holdings Inc
02018: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HKD 68.00 | Pvjb | Jyjrvcvk |
AAC Technologies Earnings: Impressive Margin Recovery and Outlook; Raising Fair Value 35%
We raised our fair value estimate for AAC Technologies to HKD 23 from HKD 17 due to improved upgrade visibility for its speakers and microphone components and access to Premium Sound Solutions’, or PSS', customer base of leading global automakers. However, we believe the market has fully priced in the improved specification upgrade demand, better optics execution, and synergies from the PSS acquisition.