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Research Report

16/11/2020 14:05

{I-bank focus}Daiwa raises Sunny Optical (02382) to HK$175

[ET Net News Agency, 16 November 2020] Daiwa Research raised its target price for Sunny
Optical Technology (02382) to HK$175 from HK$152 and maintained its "buy" rating.
The research house cited Sunny's management reiterating its full-year guidance despite
the Huawei impact and is positive on the spec upgrade trend ahead. Daiwa views the Huawei
impact as manageable due to its diversified customer base. It expects strong earnings
growth in 2021 on intact industry trends.
On the benefits of spec upgrades and recovering demand after the pandemic, Daiwa expects
Sunny to deliver 33-38% earnings growth over 2021-22. (KL)

Remark: Real time quote last updated: 27/01/2021 15:11
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