[ET Net News Agency, 21 September 2018] Morgan Stanley lowered its target price for
Sunny Optical Technology (02382) to HK$95 from HK$120, and maintained its "equal-weight"
rating.
The research house said Android's migration towards the triple camera remains intact;
along with Samsung's potential adoption of the triple camera, Sunny should benefit
directly as an existing lens supplier.
However, Morgan sees no signs thus far of a compact camera modules (CCM) GPM recovery
from the 1H level, as competition remains intense and there's limited product mix
improvement.
For handset lenses, it said Sunny maintains the pace of ongoing market share gain,
though also partially towards the low-end products. Hence, despite stronger volume, Morgan
doesn't expect a major blended ASP uptrend in handset lenses. Morgan sees downside in
vehicle lens volume given the recent global auto market slowdown. (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 
35.750 -0.900 (-2.456%) Others
21/09/2018 15:10
[I-bank focus]Morgan lowers Sunny Optical (02382) to HK$95
| Remark: | Real time quote last updated: 23/04/2024 17:59 |
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