|Day's range||103.200 - 105.800|
|52-week range||65.350 - 127.900|
|PE ratio (TTM)||28.53|
|Earnings date||24 Aug 2017 - 28 Aug 2017|
|Dividend & yield||0.19 (1.41%)|
|1y target est||109.85|
AAC, which supplies acoustic components for handheld devices including the iPhone, was among a clutch of Asia tech stocks that got taken to the cleaners this morning. Sunny Optical (2382.HK), which makes camera lenses, was down as much as 4%. Tongda Group (698.HK), another Apple supplier, shed as much as 3.2%.Weakness in these shares came after Apple fell almost 0.5% in Thursday’s New York trading.
Call it the short-seller defense package.
Shares in Apple (AAPL) supplier AAC Technologies (2018.HK) will resume trading in Hong Kong on Wednesday, following a recent attack on the company by a short-seller. U.S.-based short Gotham City in May published a report alleging that AAC, which makes speaker components, engaged in undisclosed transactions with unauthorized third parties. Gotham said that AAC used at least 20 suppliers controlled by family members of chief executive Pan Zheng Min in order to offload losses, boost profit margins and avoid Apple’s labor standards.