Movement Alert|AAC TECH Rises 5.24% in Regular Trading, Morningstar Maintains HK$55 Valuation Amid Persistent Buybacks

Market Focus08-03

On August 3, AAC TECH rose 5.24% in regular trading, trading at HK$40.58 per share, with turnover of approximately HK$83.55 million.

On the news front, Morningstar published a research report on July 27 assigning AAC TECH a fair value estimate of HK$55, citing confidence in the company's stable consumer electronics fundamentals and the gradual materialization of new businesses in data centers and smart glasses. The report noted the current share price offers significant allocation value. Huatai Securities also maintains a Buy rating with a HK$60 target price.

Additionally, the company has maintained high-frequency buybacks since July, repurchasing approximately 300,000 shares per transaction at a cost of HK$11-12 million each time, signaling management's confidence in the company's intrinsic value. BlackRock also increased its long position in AAC TECH from 4.9% to 5.04% on July 24, further reinforcing institutional interest.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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