[ET Net News Agency, 3 September 2020] Daiwa Research lowered its target price for
Sunny Optical Technology (02382) to HK$152 from HK$158 and maintained its "buy" rating.
The research house said its recent research suggests increasing volume risk in Huawei
for 2021 due to the recent tightening restrictions by the US. Despite likely near-term
muted sentiment on Huawei's weakness, Daiwa believes Sunny's diversified customer profile
and likely new share gains/order wins should help mitigate the negative impact during the
transition.
Daiwa expects Sunny to deliver strong earnings growth of 33-38% over 2021-22 on the
benefits of specs upgrades and recovering demand after COVID-19, even after factoring in
the near-term volume risks in Huawei. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
02382 SUNNY OPTICAL
Nominal 
34.450 0.000 (0.000%) Others
03/09/2020 11:48
{I-bank focus}Daiwa cuts Sunny Optical (02382) to HK$152
| Remark: | Real time quote last updated: 25/04/2024 08:27 |
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