Movement Alert|AAC Technologies Rises 3.28% in Regular Trading, Multiple Investment Banks Raise Target Prices Amid SRG Waveguide Mass Production Progress

Market Focus06-24

On June 24, AAC Technologies rose 3.28% in regular trading, trading at 47.28 HKD/share, with turnover of HKD 161 million, rebounding after two consecutive sessions of decline.

On the news front, multiple investment banks recently raised their target prices for the company. Huatai Securities lifted its target to 60 HKD, while HSBC Qianhai Securities raised its target to 58.3 HKD, both maintaining Buy ratings. The bullish outlook centers on the companys thermal management business expansion, robotics full-stack solutions, and optical segment scale-up potential.

Additionally, the companys SRG diffractive optical waveguide lenses designed for AI glasses have secured mass production contracts with leading global terminal clients. Production yield remains stable above 80%, significantly outperforming the industry average of approximately 50%. Certain projects have entered batch ramp-up delivery, with large-scale shipments expected in the second half of this year.

(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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