[ET Net News Agency, 22 October 2019] Morgan Stanley lifted its target price for Sunny
Optical Technology (02382) to HK$95 from HK$85 and maintained its "equal-weight" rating.
The research house likes Sunny for the camera migration trend, though the market's
current expectations for 4Q remain high (extrapolating from the strong 3Q), and Morgan
sees a sub-seasonal risk for Chinese OEMs in 4Q.
Morgan increased its 2019-2021 EPS estimates by 7%, 7%, and 8% mainly on higher GM
assumptions for both lenses and CCM. (KL)