Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> BofAS Lowers TP for SUNNY OPTICAL (02382.HK) to HKD60, Maintains 'Neutral' Rating
Recommend 6 Positive 5 Negative 2 |
||||
|
||||
|
BofAS released a research report indicating that SUNNY OPTICAL (02382.HK) achieved a net profit of RMB3 billion in the second half of last year, representing a half-on-half increase of 82% and a year-on-year increase of 177%, which falls within the range of the profit alert and meets expectations. Revenue increased by 20% half-on-half and 25% year-on-year to RMB23.6 billion, meeting expectations. The gross profit margin was 19.6%, which was 0.6 and 0.4 percentage points lower than the bank's and market expectations, respectively. Operating profit, affected by controlled expenses, reached RMB2 billion, meeting expectations. Considering the results and management outlook, BofAS slightly adjusted its earnings forecast for SUNNY OPTICAL for this year and next, lowering the target price from HKD70 to HKD60, based on a forecast P/E ratio of 15 times for 2026, down from the previous 18 times, reflecting market concerns about the smartphone and automotive industries, and SUNNY's higher exposure to Android brand clients. The current stock price corresponds to a forecast P/E ratio of about 14 times for 2026, which is considered reasonable, and the 'Neutral' rating is maintained. (ec/j) 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
Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
