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02382 SUNNY OPTICAL
RTNominal down118.500 -2.100 (-1.741%)
Research Report

20/07/2020 15:56

{I-bank focus}Morgan ups Sunny Optical (02382) to HK$170

[ET Net News Agency, 20 July 2020] Morgan Stanley raised its target price for Sunny
Optical Technology (02382) to HK$170 from HK$150 and maintained its "overweight" rating.
The research house expects Sunny's revenue to reach Rmb19.8bn, up 27%. Morgan estimates
single-digit growth of CCM (compact camera module) ASP, thanks to faster penetration of
48MP as the main cam in mid-range models.
It also sees higher revenue contribution from infrared lenses (due to more demand for
infrared cameras to test body temperature). Morgan expects the handset lens gross profit
margin to be negatively affected by a lower utilization rate. CCM GPM (gross profit
margin) should show improvement. (KL)

Remark: Real time quote last updated: 25/09/2020 17:59
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