[ET Net News Agency, 26 June 2020] Daiwa Research raised its target price for Sunny
Optical Technology (02382) to HK$142 from HK$133 and maintained its "buy" rating.
The research house attended Sunny's virtual investor day on 24 June. It noted that
management is positive on long-term specs upgrade trends in HLS (handset lens set), HCM
(handset camera module), and VLS (vehicle lens set).
Due to a likely muted 2020 on COVID-19, Daiwa sees some share-price volatility, but it
views pull-backs as good opportunities for investors to accumulate shares on solid-long
term trends.
After factoring in the demand uncertainty, Daiwa lowered its 2020 earnings forecast by
6% and expects it to record shipment growth of 8%, 13%, and 10% for HLS, HCM, and VLS,
respectively, in 2020. (KL)
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02382 SUNNY OPTICAL
Nominal 
35.750 -0.900 (-2.456%) Research Report
26/06/2020 10:36
{I-bank focus}Daiwa raises Sunny Optical (02382) to HK$142
| Remark: | Real time quote last updated: 23/04/2024 17:59 |
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