[ET Net News Agency, 22 March 2018] Credit Suisse lifted its target price for Sunny
Optical Technology (02382) to HK$186 from HK$155, and reiterated its "outperform" rating.
The research house said that Sunny guided 15-20%/30-35%/30-35% shipment growth for the
HCM/handset lens/vehicle lens segments for FY2018. Credit Suisse sees the introduction of
vehicle camera module business as major surprise for the long-term implications, followed
by a stronger-than-expected guidance for 2018.
Credit Suisse expects HCM/vehicle lens to reasonably pick up after the CNY, and expects
handset lens to strongly rebound due to share gains. It revised its 2018/19 EPS by 0%/-2%
on higher shipments, lower GMs, and slightly higher share numbers. (KL)
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02382 SUNNY OPTICAL
Nominal 
35.700 -1.800 (-4.800%) Others
22/03/2018 10:07
[I-bank focus]CS lifts Sunny Optical (02382) to HK$186
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