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RT Nominal up0.620 +0.050 (+8.772%)

23/03/2021 17:41

{I-bank focus}HSBC lifts Sunny Optical (02382) to HK$275.7

[ET Net News Agency, 23 March 2021] HSBC Qianhai Securities lifted its target price for
Sunny Optical Technology (02382) to HK$275.7 from HK$178.9 and upgraded its rating to
"buy" from "hold".
The research house said Sunny reported strong 2020 results. HSBC now sees multiple
structural growth opportunities and turns bullish on Sunny, namely gross margin expansion
in handset camera module (CCM), kicking off Apple sales, and automotive camera lens and
sensor at an inflection point.
HSBC raised its 2021-22 net profit estimates by 5% and 7.5%, respectively, mainly on
higher gross margin and shipment assumptions. It now estimated a 27% recurring net profit
CAGR in 2020-22. (KL)

Remark: Real time quote last updated: 15/10/2021 17:59
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