Sunny Optical (02382) fell more than 4% again. As of press time, it fell by 4.51% to HKD 46.6, with a turnover of HKD 0.269 billion.
According to the WiseNews APP, Sunny Optical (02382) fell more than 4% again. As of press time, it fell by 4.51% to HKD 46.6, with a turnover of HKD 0.269 billion.
On the news front, Sunny Optical announced a profit surge and is expected to record a attributable net profit of approximately 1.048 billion yuan to 1.092 billion yuan in the first half of 2024, an increase of about 1.4 to 1.5 times compared to the same period in 2023, far higher than the market's expected 0.859 billion yuan.
China Industrial Securities International pointed out that although the specifications of smartphone cameras will have limited upgrades in 2024, the high demand for Apple and Android will promote the growth of HLS (mobile phone lenses) shipments. The growth of car-related products in the first half of 2024 continued to slow down, mainly due to downstream inventory digestion and weakened demand.
In addition, Morgan Stanley pointed out that due to the realization of the cyclical industry recovery, the industry catalyst is whether artificial intelligence smartphones can trigger the next product cycle, and whether Sunny Optical can seize this growth opportunity. The bank also expects that the growth prospects of automotive lenses will affect the valuation of Sunny Optical.