[ET Net News Agency, 27 October 2020] Morgan Stanley lifted its target price for Sunny
Optical Technology (02382) to HK$165 from HK$150 and maintained its "overweight" rating.
The research house said the market has largely anticipated the impact of a camera
migration slowdown on pricing, but Morgan thinks the market has missed the potential
upside in the margin, especially on CCM (compact camera module).
Morgan sees upside risk for CCM margin as (1) slower migration typically creates a
better yield rate, if execution remains steady; and (2) competitive landscape for CCM has
improved, as competitor O-Film is losing its edge after a subsidiary was added to the
entity list.
Morgan raised its earnings estimates for 2020/21/22 by 5% each, mainly to reflect
potential upside in gross margin in CCM due to a changing competitive landscape. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
02382 SUNNY OPTICAL
Nominal 
35.650 -1.850 (-4.933%) Others
27/10/2020 17:36
{I-bank focus}Morgan lifts Sunny Optical (02382) to HK$165
| Remark: | Real time quote last updated: 19/04/2024 17:19 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |