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China International Capital Corporation: Reiterates SUNNY OPTICAL's "Outperform the Market" rating, Target Price raised to 105 Hong Kong dollars.
Jianyin International issued a research report stating that, due to SUNNY OPTICAL's (02382) strong profitability, its leading industry technology, and solid customer base, the Target Price has been significantly raised by 59%, from 66 HKD to 105 HKD, and reaffirmed the 'outperform the market' rating. The firm believes that SUNNY OPTICAL is still a viable long-term investment. The firm indicated that the group's recent profit announcement shows strong performance for 2024, and with the average selling price and profits of its Smart Phone products increasing, the earnings forecast for 2024-2026 has been revised up by 16%/9%/9% to reflect higher shipment and gross margin expectations. Meanwhile, Jianyin International
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DeepSeek has emerged, and Chinese Technology stocks have surged! Citibank: the market is not yet overheated.
Citigroup Analyst believes that since the beginning of the year, the QITABANKUAI in China has indeed seen an increase in congestion, primarily due to the rise of technology stocks, which has boosted overall valuations and improved market sentiment. However, if excluding the weight stock Xiaomi Group, it can be found that although the QITABANKUAI in China has a higher congestion compared to other sectors, it is still not the most congested sector, indicating that this sector has not yet overheated.
【Brokerage Focus】Everbright maintains a "Buy" rating on SUNNY OPTICAL (02382) and is bullish on the accelerated growth of the automotive lens industry driven by "smart driving equity" in 2025.
Jinwu Financial News | Everbright released a Research Report stating that SUNNY OPTICAL (02382) issued a positive profit forecast, expecting a Net income growth of 140%-150% in 2024 compared to 2023, reaching 2.639-2.749 billion yuan. The reasons for the company's performance exceeding expectations are: 1) The recovery of the Global Smart Phone market, which drove the ASP and gross margin of mobile phone lenses and mobile phone camera modules to rise, with the company's mobile phone lens shipments increasing by 13.1% year-on-year; 2) Strong growth in demand for New energy Fund, with an increased demand for in-vehicle lenses due to smart driving, the company's in-vehicle lens shipments increased by 12.7% year-on-year. The report mentions BYD's.
[Brokerage Focus] Nomura raises SUNNY OPTICAL (02382) Target Price by 50%, expecting continued profit improvement in fiscal year 2025.
Jingu Financial News | Nomura stated that SUNNY OPTICAL (02382) released a positive profit forecast, expecting the shareholder profit for the fiscal year 2024 to be approximately 2.6386 billion to 2.7485 billion yuan, a year-on-year increase of about 140%-150%, higher than the bank's previous expectation of about 2.5 billion yuan. The bank believes that the profit exceeding expectations may primarily be attributed to a few percentage points increase in the gross margin of mobile camera modules (CCM) and mobile lens (HLS), although their shipment volume growth did not exceed the company's previous guidance. The bank expects profits to continue improving in the fiscal year 2025, driven by the Smart Phone and Autos Business.
