Sunny Optical 2382

[winston]

vested

<Research>UBS Chops SUNNY OPTICAL (02382.HK) TP to $67, Rating Lowered to Sell

UBS released a research report downgrading SUNNY OPTICAL (02382.HK) from Buy to Sell and lowering its target price from HKD70 to HKD67.

This adjustment primarily reflected concerns over the stock’s stretched valuation, with positive earnings factors already priced in by the market, while demand risks persisted.

UBS noted that Sunny Optical’s positive profit alert released last month, combined with the Chinese central government's subsidy support, drove strong shipment volumes in January, boosting its share price radically.

Related News: DBS Elevates SUNNY OPTICAL's TP to $110, Rating Kept Buy

However, uncertainties surrounding market demand remained due to U.S. tariffs and macro risks.

Moreover, market share growth, particularly for iPhone orders, will take time, despite the market’s aggressive forecasts of 24% and 19% EPS growth for FY2025 and FY2026, respectively.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN