[ET Net News Agency, 7 January 2021] ABCI Securities initiated coverage on Sunny
Optical Technology (02382) with a "buy" rating and a target price of HK$220.
The research house expects Sunny to benefit from optical lens upgrade and multi-optical
lens demand from smartphones and vehicles. Vehicles are equipped with more cameras to
improve safety and parking efficiency.
Driven by higher product shipments and ASP, Sunny's revenue is expected to grow at a
CAGR of 16.9% in 2019-22. ABCI also expects Sunny's gross margin to benefit from a better
product mix with more high-end camera shipments. Driven by the high-end camera in
smartphones and vehicles, it forecasted gross margin to edge up by 0.7ppt to 21.2% in
2021. Sunny's net profit was forecasted to grow at a CAGR of 20% in 2019-22. (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 
38.150 +2.650 (+7.465%) Research Report
07/01/2021 16:44
ABCI Securities starts Sunny Optical (02382) at HK$220
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
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