REcently Gotham research has criticize AAC Tech (2018. HK ) that it inflates its earnings by using numerous of its subsidiaries. However, there are no hard proof evidence that they have done so.
i will adapt a Jun expiry Long Call strategy, Strike price 100/102.5 https://WWW.TRADINGVIEW.COM/X/BPTS9NRL/
If it can closes above 96, the LC will be better because it proves that people are buying it back and restore confidence in the stock
it seems lacking the buying power necessary from institution buyers. Be cautious with AAC tech as this stock will experience quite a bit of volatility in the near future. Still not sure if it's going up/down at the moment until things clear up
It's been a week and AAC Tech still couldnt provide solid evidence that they didn't do any dubious accounting nor explain why their suppliers' owners are their employees or family members.
Please highly avoid this stock for now until the company provides solid evidence proving its innocence.
Also, stay tune for apple's investigation as it will affect AAC's high profit margin.