AAC TECH Shares Surge Over 11% in Morning Trading as CLSA Sets Target Price of HK$54.40

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AAC TECH (02018) surged more than 11% in morning trading. As of press time, the stock was up 11.08%, trading at HK$39.10, with turnover of HK$216.9 million.

Pre-orders for the iPhone Duo began on October 16, with wait times in major markets reaching approximately 13 to 14 weeks, and delivery times extended to January 2027. According to supply chain sources, AAC TECH is the primary supplier of the new-generation ultra-thin VC vapor chamber for the iPhone 18 Pro series. The new device's heat dissipation area is three times that of the previous generation, delivering a 40% improvement in sustained performance and effectively resolving the heat accumulation challenges of the 2nm A20 Pro chip under high loads. The iPhone Duo also features the company's flagship-grade speakers, high-performance linear motors, and other core优势 components.

CLSA released a research report stating that AAC TECH is a high-exposure target in the Apple supply chain. The brokerage also favors the recovery of profit margins in its optical business, as well as the rapid revenue growth across multiple business lines including thermal management, AR/XR, robotics, and automotive. CLSA assigned a target price of HK$54.40.

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