[ET Net News Agency, 16 November 2017] Daiwa Research lifted its target price for Sunny
Optical Technology (02382) to HK$160 from HK$128, and maintained its "buy" rating.
The research house said Sunny management's upbeat tone for its growth prospects and the
on-going industry trend reaffirm Daiwa's positive view. For handset lens sets (HLS), Sunny
expects ASPs and gross margin to expand in 2H on the rising contribution of 6P products.
It also sees strong growth from China brands going forward and hence has raised its
capacity target to 70m/m (vs. 60m/m earlier) by end-2017.
Daiwa views Sunny as a leading player in this space, ready with all kinds of solutions.
It thinks the recently announced cooperation between AMS and Sunny should accelerate 3D
adoption in Android smartphones by leveraging Sunny's expertise in optical components,
module designing and manufacturing with AMS's strength in image sensing. (KL)