Movement Alert｜AAC TECH Rises 4.25% in Regular Trading, Apple Set to Unveil First Foldable iPhone on September 9 as Multiple Brokers Raise Target Prices

On September 4, AAC TECH rose 4.25% in regular trading, trading at HK$43.82 per share, with turnover of approximately HK$113 million.

On the news front, Apple has officially confirmed its autumn launch event for September 9, where the market widely expects the debut of the iPhone Ultra — the company's first foldable smartphone. Research firm IDC has projected first-year shipments exceeding 10 million units. As a core supplier of acoustics, optics, and precision structural components to Apple, AAC TECH stands to benefit directly, given that per-unit component value for foldable devices is significantly higher than for conventional smartphones.

Meanwhile, multiple investment banks have recently raised their target prices on the company. CLSA lifted its target to HK$54.4, Huatai Securities assigned HK$60, Bank of America raised to HK$52, and CICC upgraded to HK$50. The upgrades followed the company's H1 results, which reported record revenue of RMB 14.51 billion, up 8.9% year-on-year, with adjusted net profit growth of 37.4%. Management guided for double-digit full-year revenue growth, with AI-related new business expected to exceed RMB 80 billion in scale by next 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.)