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<Research> JPM Lowers TP for SUNNY OPTICAL (02382.HK) to HKD63, Rating 'Neutral'
Recommend 4 Positive 10 Negative 1 |
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JPM published a research report stating that SUNNY OPTICAL (02382.HK) management anticipates better-than-expected growth in the smartphone business by 2026, given the recent positive outlook and stable increase in average selling prices. The firm believes the company will benefit from continuous optimization of its product mix and upgrades in lens specifications for high-end models by customers. Given the positive earnings guidance, stable growth in the automotive business, and sustainable gross margin growth, which offset the decline in the extended reality (XR) business, the firm continues to forecast revenue and profit growth for SUNNY OPTICAL in 2026. The firm lowered its operating profit forecasts for this year and next year by 6% and 8%, respectively, and reduced the target price from HKD75 to HKD63, maintaining a 'Neutral' rating. (ca/u) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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