[ET Net News Agency, 13 January 2021] Morgan Stanley raised its target price for Sunny
Optical (02382) to HK$235 from HK$165 to reflect a more positive outlook for the vehicle
lens market and maintained its "overweight" rating.
The research house sees 38% earnings growth in 2021, driven by a favorable CCM (compact
camera modules) competitive landscape and auto market recovery. Morgan is mindful of the
impact from semi component supply constraints in 1Q 2021, but it sees positive trends for
the year.
First, it believes a change in the CCM competitive landscape (with O-film in a trough
situation) could help improve margins. Second, a recovery in the auto market coupled with
increasing ADAS (advanced driver-assistance systems) penetration should bode well for
vehicle lens. Potential catalysts include better sell-through from Honor new models and
progress with a new international client. (KL)
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02382 SUNNY OPTICAL
Nominal 
37.950 +0.500 (+1.335%) Research Report
13/01/2021 15:13
{I-bank focus}Morgan raises Sunny Optical (02382) to HK$235
| Remark: | Real time quote last updated: 18/04/2024 13:38 |
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