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Research Report

20/11/2019 16:48

{I-bank focus}UOBKH lifts Sunny Optical (02382) to HK$153.6

[ET Net News Agency, 20 November 2019] UOB Kay Hian lifted its target price for Sunny
Optical Technology Group (02382) to HK$153.6 and upgraded its rating to "buy".
Following the commercial launch of 5G services in China at end-October, industry
participants have set ambitious growth plans for 5G handset terminals, reflecting optimism
on the end-demand for 5G smartphones in 2020, the research house said.
After incorporating the latest industry forecast, UOBKH raised its global 5G smartphone
shipment volume projection by 71% to 240m units for 2020.
It also raised Sunny's profit forecasts by 4% and 5% for 2020 and 2021 respectively
mainly to reflect the higher shipment volume of handset lens and handset camera module
(HCM) driven by the faster-than-expected growth in 5G handset, more than offsetting the
decline in 4G handset shipment. (KL)

Remark: Real time quote last updated: 02/04/2020 17:59
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