AAC worth the investment?
According to the ‘5G Mobile Devices Radio Frequency Front Ends Market’ Report by A2Z Market Research, $AAC TECH(02018.HK$ AAC Technologies was amongst the top 11 companies that made the most revenue from the 5G market from 2015-2018. The report also stated that “The Global 5G Mobile Devices Radio Frequency Front Ends Market size was estimated at a reasonable million USD in 2021 and expected to reach a healthy million USD in 2022, and is projected to grow at a steady CAGR to get a prominent million USD by 2027.”
In the most recent market update, AAC Technologies improved 1.84% during the Asia Market, with many other Hong Kong stocks improving as well due to the gradual reopening of Hong Kong and other Chinese cities, which were under lockdown for the past few months due to the COVID-19 pandemic.
With the high-speed 5G technology becoming increasingly reliable and popular with the new releases of mobile phones using this technology, AAC is taking the lead in developing the technology and could prove to be a worthwhile investment over the course of the next few years.
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If you wish to leverage on this, consider using DLCs
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