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RTNominal down216.200 -2.400 (-1.098%)

19/08/2020 13:25

{I-bank focus}Daiwa lifts Sunny Optical (02382) to HK$158

[ET Net News Agency, 19 August 2020] Daiwa Research raised its target price for Sunny
Optical Technology (02382) to HK$158 from HK$142 and maintained its "buy" rating.
The research house said Sunny's solid 1H results and management's positive tone for
industry trends reaffirm Daiwa's positive thesis despite the muted near-term outlook on
soft demand due to COVID-19.
Daiwa expects near-term share-price volatility on smartphone demand uncertainty and
Huawei risks on tightened restrictions by the US and suggested that investors take the
opportunity to gradually accumulate shares. It raised its 2020-22 EPS forecasts by 1-2% on
optimistic margin assumptions. (L)

Remark: Real time quote last updated: 22/01/2021 17:59
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