[ET Net News Agency, 11 December 2018] HSBC Global Research raised its target price for
Sunny Optical (02382) to HK$99 from HK$87 and upgraded its rating to "buy" from "hold".
Following Huawei's successful launch of the P20 Pro and Mate 20 models, the research
house expects more smartphone OEMs to launch models with triple-camera features in the
coming quarters.
HSBC believes triple cameras will drive volume and content value for optical components
in smartphones, and it expects Android phone camera lens demand to register growth of 19%
and 14% YoY in 2019 and 2020, respectively, versus an estimated 7% in 2018.
HSBC expects an 18% CAGR in 2018-20 for the camera module addressable market, despite
sluggish shipments. It expects camera lens upgrades from 6P to 7P to kick off in 2019 and
the requirement for higher optical zoom (over 3x) to lead to new designs, and Sunny is
gaining strength in the R&D of high-end product categories, such as 6P and 7P, hybrid
lenses for 3D sensing, large aperture, high resolution (24MP), etc. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
02382 SUNNY OPTICAL
Nominal 
34.450 -1.300 (-3.636%) Others
11/12/2018 15:32
[I-bank focus]HSBC upgrades Sunny Optical (02382) to HK$99
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |