DBS Vickers gives Shun Yu Optical (02382) a 'shareholding' rating with a target price of HKD 59.
DBS expects that the positive earnings of Sunny Optical (02382) will bring a positive response to the stock price.
Sunny Optical Technology Expects Up to 150% Profit Surge in H1
Sunny Optical Technology (Group) (HKG:2382) expects profit attributable to owners of about 1.05 billion yuan to 1.09 billion yuan for the six months ended June 30, an increase of about 140% to 150%
Sunny Optical (02382) expects its mid-year net profit to increase by RMB 437 million year-on-year.
Sunny Optical (02382) announced that it is expected to record a net profit attributable to shareholders of the company of approximately RMB 0.1048 billion to RMB 0.1092 billion for the six months ending on June 30, 2024. This is an increase of approximately 140% to 150% compared to the net profit attributable to shareholders of the company of approximately RMB 0.437 billion for the six months ending on June 30, 2023. The board of directors believes that the expected increase in net profit is mainly due to the recovery of the smart phone market, product mix improvement which leads to increased shipments and average selling price of mobile phone lenses and camera modules, as well as an increase in gross margin.
Express News | Sunny Optical Technology Expects H1 Net Profit to Jump 140%-150% Y/Y to 1.05 Bln-1.09 Bln Yuan
Sunny Optical Technology (02382.HK) announced that its interim net profit is expected to increase by 140% to 150% year-on-year.
Sunny Optical Technology (02382.HK) announced on July 21st that the group expects to record a net profit attributable to shareholders of approximately RMB 1.048 billion to RMB 1.092 billion for the six months ending on June 30, 2024, an increase of approximately 140% to 150% compared to the six months ending on June 30, 2023. The board of directors believes that the expected increase in profits is mainly due to the recovery of the smart phone market, the improvement of product mix resulting in increased shipments of mobile phone lenses and camera modules, an increase in average selling price, and an increase in gross margin.
Sunny Optical Technology (02382) announces good news in earnings. Shareholders are expected to have a net profit of approximately 1.048 billion to 1.092 billion yuan in the first half of the year, an increase of about 140% to 150% compared to the same per
Sunny Optical Technology Group (02382) announced that the group is expected to obtain a public ... by the end of the six months ending on June 30, 2024.
POSITIVE PROFIT ALERT
Hong Kong stocks fluctuate: the performance of Apple suppliers is weak, and Sunny Optical Technology Group (02382) fell by 3%. Guo Mingchi predicts that there will be no significant change in iPhone 16 orders.
Apple suppliers have performed poorly. As of press time, Sunny Optical (02382) fell 3.12%, reporting HKD 48.1; Tongda Group (00698) fell 2.35%, reporting HKD 0.083.
HK stocks fluctuated | Sunny Optical Technology (02382) is now down more than 5%. The market is anticipating the company's release of earnings surprises. Institutions say they have not seen any fundamental changes in Sunny Optical Technology.
Shares of Sun Optical (02382) have dropped more than 5%. As of press time, it has fallen 5.04% to HKD 48, with a turnover of HKD 0.274 billion.
Tianfeng Securities: Daily order volume increased significantly. Focus on investment opportunities in Robotaxi and iPhone replacement cycle.
Self-driving car taxi 'Carrot Run' daily orders have rapidly increased. In the future, by replicating the Wuhan experience of 'Carrot Run', self-driving car taxis are expected to see rapid growth. Central and local governments have issued policies intensively to accelerate the implementation of self-driving technology. The penetration of self-driving technology is accelerating, and core companies are developing at an increasing pace.
[Special columnist] Deng Shengxing: Mainland China's economic growth in the second quarter is weaker than expected, and Hong Kong stocks lack data support.
On Tuesday (16th), the Hang Seng Index closed at 17,727, down 287 points or 1.6%. The total daily turnover of the market was 94.243 billion yuan. The national index fell 1.6% to 6,316; the science and technology index fell 1.4% to 3,622. Blue chips were under pressure as a whole, with China Construction Bank (00939) falling 2.7%; Ping An (02318) issued convertible bonds worth 3.5 billion U.S. dollars, with a full-day drop of 5.4%, performing the worst among blue chips. The Dow Jones Industrial Average closed at 40,954, up 742 points or 1.85% on Tuesday (16th). The S&P 500 rose 0.64% to 5,667 points; the Nasdaq rose 0.2% to 18,509.
Hong Kong stocks closed (07.16) | The Hang Seng Index fell by 1.6%. Science and technology stocks, financial stocks were under pressure. Apple suppliers performed well against the market trend.
According to the WiseNews app, Hong Kong shares continued their decline from yesterday, with the three major indexes continuing to be under pressure. The Hang Seng Index fell below the 18,000 mark, while the Hang Seng Tech Index fell nearly 2% intraday. At the close, the Hang Seng Index fell 1.6%, or 287.96 points, to 17,727.98, with a total daily turnover of HKD 94.243 billion; the Hang Seng China Enterprises Index fell 1.64% to 6,316.53; and the Hang Seng Tech Index fell 1.35% to 3,622.84 points. Guoyuan International believes that since the current valuation of Hong Kong stocks is still relatively low, they will be particularly sensitive to external environmental changes, especially changes in the Federal Reserve's interest rates, so Hong Kong stocks this year.
Smart decisions refer to short-term market focus on autonomous controllable and gold.
The June CPI inflation in USA was weaker than market expectations, indicating further cooling of the US economy and prices, which opens the door for the upcoming Fed rate cut. Hang Seng index is expected to rise this week.
Northbound funds| ICBC (01398) received nearly 0.5 billion yuan in additional holdings again while seeing a net buy of 0.171 billion yuan. Cosco Shipping Holdings (01919) suffered from selling off by domestic investors.
On July 12th, the Hong Kong stock market saw a net buy of 0.171 billion Hong Kong dollars by Northbound funds, with net sell of 0.224 billion Hong Kong dollars on the Shanghai-Hong Kong Stock Connect and net buy of 0.395 billion Hong Kong dollars on the Shenzhen-Hong Kong Stock Connect.
Lyon raises Adventech's target price to HKD 63 and expects steady performance in the first half of the year.
According to a research report released by Lyon, Sunny Optical Technology (2382.HK) had a stable performance in the shipment of its main mobile phone and automotive products in the first half of this year. At the same time, its product mix and gross margin in the camera module business, which is highly sensitive to profitability, have also improved. Lyon expects the company's mid-term performance to be stable and predicts that it will issue a profit warning. The bank predicts that Sunny's net profit in the mid-term will reach 1.03 billion yuan. The bank also expects Sunny's future profitability to continue to recover, raises its performance forecast, and raises its target price from HKD 57 to HKD 63, reiterating a rating of outperforming the market.
Sunny Optical Technology (02382) rose nearly 4% in the Hong Kong stock market. Its June shipments met the expectations and institutions are bullish on the company's performance in the first half of the year.
Sunny Optical Technology (02382) rose by nearly 4%, as of the time of publication, it rose by 3.84%, to HK$50.05, with a turnover of HK$0.412 billion.
Citigroup reaffirmed sunny optical (02382) with a "outperform" rating and raised the target price to HKD 63.
Zhongxin Lian and released a research report reiterating the "outperform" rating of Sunny Optical Technology (02382), expecting profits to continue to recover, and raising the target price by 11% to HKD 63. The report stated that the performance of Sunny Optical Technology in the first half of this year was stable. The shipment volume of its main mobile phone and automobile products remained stable. More importantly, the product structure and gross margin of its profit-sensitive mobile camera module business have improved. The bank expects a net income of RMB 1.03 billion in six months.
Northeast Securities: Foreign capital dominates the main market of electronic measuring instruments. There is hope for accelerating the localization of technology.
In recent years, the technological strength of domestic enterprises has been continuously improved. Coupled with frequent government support policies, domestic manufacturers' market share is expected to steadily increase. The booming development of industries such as 5G, internet of things, new infrastructure, and consumer electronics will bring stable demand growth for electronic measuring instruments.
China International Capital Corporation: Can Hong Kong's mobile phone chain maintain stability and achieve unexpected feats in the era of Apple's AI?
In the era of edge AI, Apple enters the field of edge AI innovation, which is expected to drive interaction innovation, function upgrades/appearance changes, and closed-source ecology resonance. Android manufacturers may follow suit, and from 2H24 to 2025, Apple and Android industry chains may enjoy mutual prosperity. Hong Kong stock mobile phone chain is expected to deeply participate in the wave of innovation.
Special guest influencer Ye Shangzhi: Hong Kong stocks stabilized after the shock, but the short-selling ratio is still high.
On July 9th, after two consecutive days of decline, the Hang Seng Index shook and stabilized, but the overall cautious and wait-and-see atmosphere could not be dispersed. The latest CPI inflation data from mainland China and the USA will be announced this week, and the Third Plenary Session of the Communist Party of China will also be held next week, which is believed to be the current focus of the market's observation. The Hang Seng Index has fallen for three consecutive days but by less than 1 point, and continues to close at the level of 17500 points, while the total trading volume has rebounded to over 90 billion yuan, but is still lower than the daily average of 109.8 billion yuan this year, and the market liquidity remains sluggish. In terms of trends, the Hang Seng Index is still in a mode of running below one wave since mid-May.
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