Core Viewpoint - Goldman Sachs has become more optimistic about AAC Technologies due to its new component (thermal plate) and favorable iPhone outlook [1] Financial Projections - The firm has raised its earnings forecasts for AAC Technologies for the years 2025 to 2027 by 1%, 4%, and 6% respectively, primarily reflecting increased revenue predictions from the thermal plate [1] - The increase in revenue is attributed to more smartphone models adopting the thermal plate and enhancements in smartphone specifications leading to higher unit content [1] Profitability Outlook - The firm maintains a positive view on the company's profit margin expansion due to product mix improvement, yield enhancement, and benefits from economies of scale in production [1] Target Price Adjustment - Based on a target price-to-earnings ratio of 25.6 times, Goldman Sachs has raised its target price for AAC Technologies from HKD 63.6 to HKD 68.6, maintaining a "Buy" rating [1]
大行评级丨高盛：对瑞声科技看法更趋乐观 目标价上调至68.6港元