Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02382 SUNNY OPTICAL
RTNominal up178.200 +0.100 (+0.056%)
Research Report

14/01/2021 16:53

{I-bank focus}HSBC lifts Sunny Optical (02382) to HK$178.9

[ET Net News Agency, 14 January 2021] HSBC Qianhai Securities Research lifted its
target price for Sunny Optical (02382) to HK$178.9 from HK$150.2 but downgraded its rating
to "hold" from "buy".
The research house said Sunny's share price has rallied by more than 50% since October.
HSBC thinks most of the positives are priced in as the stock is trading at 27x 12-month
forward P/E.
HSBC noted that the competitive landscape is not favourable in 2021. It sees a growing
trend for vertical integration for camera lens and module makers.
It believes the increased use of sensors along with the proliferation of smart vehicles
will drive the growth of auto lens products for Sunny in the coming years. HSBC revised
its net profit estimates by 2%, 2%, and 3% for 2020-22, mainly to factor in higher auto
lens shipment. (KL)

Remark: Real time quote last updated: 12/04/2021 12:04
  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
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.