not vested
<Research Report>G Sachs: SUNNY OPTICAL Comprehensive Customer Base Limit Single Customer Risk
Recent market survey found that investors are interested in 5G smartphones benficiaries and trade tension spillover on smartphone supply chain.
Goldman Sachs cited in its report, which also pin pointed market concern over whether Huawei's handset shipment slowdown will dim the profit growth outlook of SUNNY OPTICAL (02382.HK), Huawei's component supplier.
In Goldman Sachs' view, Huawei's shipment should fare better than the whole Chinese market.
In addition, SUNNY OPTICAL has a comprehensive customer base and product lines to limit the single customer risk.
Source: AAStocks Financial News
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Sunny Optical 2382
Re: Sunny Optical 2382
by winston » Tue Oct 08, 2019 2:56 pm
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Sunny Optical 2382
by winston » Tue Oct 08, 2019 2:56 pm
not vested
<Research Report>G Sachs: SUNNY OPTICAL Comprehensive Customer Base Limit Single Customer Risk
Recent market survey found that investors are interested in 5G smartphones benficiaries and trade tension spillover on smartphone supply chain.
Goldman Sachs cited in its report, which also pin pointed market concern over whether Huawei's handset shipment slowdown will dim the profit growth outlook of SUNNY OPTICAL (02382.HK), Huawei's component supplier.
In Goldman Sachs' view, Huawei's shipment should fare better than the whole Chinese market.
In addition, SUNNY OPTICAL has a comprehensive customer base and product lines to limit the single customer risk.
Source: AAStocks Financial News
<Research Report>G Sachs: SUNNY OPTICAL Comprehensive Customer Base Limit Single Customer Risk
Recent market survey found that investors are interested in 5G smartphones benficiaries and trade tension spillover on smartphone supply chain.
Goldman Sachs cited in its report, which also pin pointed market concern over whether Huawei's handset shipment slowdown will dim the profit growth outlook of SUNNY OPTICAL (02382.HK), Huawei's component supplier.
In Goldman Sachs' view, Huawei's shipment should fare better than the whole Chinese market.
In addition, SUNNY OPTICAL has a comprehensive customer base and product lines to limit the single customer risk.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 119087
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Re: Sunny Optical 2382
by winston » Fri Oct 11, 2019 5:31 pm
not vested
SUNNY OPTICAL Sep Handset Lens Sets Shipment Up 43.9% YoY to 145M Units
SUNNY OPTICAL (02382.HK) announced that for September 2019, the shipment volume of handset lens sets increased by 43.9% YoY and 9.2% MoM to 145 million units, which was mainly due to the increased market share of the handset lens sets of the Company.
The shipment volume of vehicle lens sets increased by 31.9% YoY and 3.8% MoM to 4.828 million units, which was mainly due to the better development in vehicle camera field.
Source: AAstocks.com
SUNNY OPTICAL Sep Handset Lens Sets Shipment Up 43.9% YoY to 145M Units
SUNNY OPTICAL (02382.HK) announced that for September 2019, the shipment volume of handset lens sets increased by 43.9% YoY and 9.2% MoM to 145 million units, which was mainly due to the increased market share of the handset lens sets of the Company.
The shipment volume of vehicle lens sets increased by 31.9% YoY and 3.8% MoM to 4.828 million units, which was mainly due to the better development in vehicle camera field.
Source: AAstocks.com
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Sunny Optical 2382
by winston » Mon Nov 11, 2019 11:13 am
SUNNY OPTICAL Oct Shipment Volume of Handset Lens Sets Up 42% to Nearly 150M Units
SUNNY OPTICAL (02382.HK) announced that the shipment volume of spherical glass lenses dropped 8.8% yearly to 2.874 million units in October.
The shipment volume of handset lens sets increased 42% yearly to 146 million units.
Source: AAStocks Financial News
SUNNY OPTICAL (02382.HK) announced that the shipment volume of spherical glass lenses dropped 8.8% yearly to 2.874 million units in October.
The shipment volume of handset lens sets increased 42% yearly to 146 million units.
Source: AAStocks Financial News
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Re: Sunny Optical 2382
by winston » Tue Dec 10, 2019 9:28 am
not vested
SUNNY OPTICAL (02382.HK) Nov Handset Lens Shipment Rises 42.9% to 130M Units
SUNNY OPTICAL (02382.HK) announced the shipment volume of major products in November 2019.
Handset lens set shipment totaled 130 million units, up 42.9% yearly;
Vehicle lens set shipment totaled 5.19 million units, up 32.4% yearly.
Source: AAStocks Financial News
SUNNY OPTICAL (02382.HK) Nov Handset Lens Shipment Rises 42.9% to 130M Units
SUNNY OPTICAL (02382.HK) announced the shipment volume of major products in November 2019.
Handset lens set shipment totaled 130 million units, up 42.9% yearly;
Vehicle lens set shipment totaled 5.19 million units, up 32.4% yearly.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Sunny Optical 2382
by winston » Tue Dec 17, 2019 12:14 pm
not vested
Riding the multi-camera wave
The world’s second largest supplier of handset camera modules (HCM) and handset lens sets (HLS)
Beneficiary of smartphone optics upgrades to tri/quad camera
Continuous market share gains in both HCM and HLS
Initiating coverage with BUY and TP of HK$180
Source: DBS
https://researchwise.dbsvresearch.com/R ... adhdkfhgbh
Riding the multi-camera wave
The world’s second largest supplier of handset camera modules (HCM) and handset lens sets (HLS)
Beneficiary of smartphone optics upgrades to tri/quad camera
Continuous market share gains in both HCM and HLS
Initiating coverage with BUY and TP of HK$180
Source: DBS
https://researchwise.dbsvresearch.com/R ... adhdkfhgbh
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 119087
- Joined: Wed May 07, 2008 9:28 am
Re: Sunny Optical 2382
by winston » Thu Jan 09, 2020 11:19 am
not vested
<Research Report>G Sachs Cites SUNNY OPTICAL Mgmt: Confident for 2020, Sees High Growth in Samsung Biz
SUNNY OPTICAL (02382.HK)'s management remained confident for the 2020 outlook, believing the firm will be driven by 5G smartphone, camera per smartphone unit growth, GPM recovery for camera modules, and share gain in handset lens and vehicle lens, cited Goldman Sachs.
The management also expected customers' Samsung business to be at high growth this year.
Overall, SUNNY OPTICAL was kept at Buy, with a 12-month target of $150.
Source: AAStocks Financial News
<Research Report>G Sachs Cites SUNNY OPTICAL Mgmt: Confident for 2020, Sees High Growth in Samsung Biz
SUNNY OPTICAL (02382.HK)'s management remained confident for the 2020 outlook, believing the firm will be driven by 5G smartphone, camera per smartphone unit growth, GPM recovery for camera modules, and share gain in handset lens and vehicle lens, cited Goldman Sachs.
The management also expected customers' Samsung business to be at high growth this year.
Overall, SUNNY OPTICAL was kept at Buy, with a 12-month target of $150.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Sunny Optical 2382
by winston » Tue Mar 24, 2020 10:16 am
not vested
Sunny Optical: Conservative guidance belies ambiguity
Sunny’s 2H19 scorecard beat expectations;
PATMI of RMB 2.6b was up 95% YoY, or 18% higher than consensus.
In terms of shipment, management has guided for +10% YoY for handset lens, +20% YoY for car lens, and +15% YoY for handset CCM.
In our view, this reflects a subdued set of guidance, especially for the handset lens segment, which we believe to be the result of smartphone uncertainty in Samsung’s major markets of Europe and US, as well as a high-base effect.
In light of COVID-19, there was limited guidance on pricing / margins, though there was an expectation that GPM for 2020 could be steady within each business unit, assuming the current global outbreak becomes more under control.
We note that this same assumption has been applied in the formulation of Sunny’s 2020 shipment guidance.
Management believes that the COVID-19 impact on its supply chain to be minimal for now, and that they have resumed almost full production.
On the side of its customers, management noted that smartphone OEMs are prioritizing survival, and may delay spec upgrades of certain components.
We apply a target P/E multiple of 20.1x (0.5 S.D below the 5-year mean) on FY20/21 EPS, and derive a FV of HK$98.
Maintain HOLD.
Source: OCBC
Sunny Optical: Conservative guidance belies ambiguity
Sunny’s 2H19 scorecard beat expectations;
PATMI of RMB 2.6b was up 95% YoY, or 18% higher than consensus.
In terms of shipment, management has guided for +10% YoY for handset lens, +20% YoY for car lens, and +15% YoY for handset CCM.
In our view, this reflects a subdued set of guidance, especially for the handset lens segment, which we believe to be the result of smartphone uncertainty in Samsung’s major markets of Europe and US, as well as a high-base effect.
In light of COVID-19, there was limited guidance on pricing / margins, though there was an expectation that GPM for 2020 could be steady within each business unit, assuming the current global outbreak becomes more under control.
We note that this same assumption has been applied in the formulation of Sunny’s 2020 shipment guidance.
Management believes that the COVID-19 impact on its supply chain to be minimal for now, and that they have resumed almost full production.
On the side of its customers, management noted that smartphone OEMs are prioritizing survival, and may delay spec upgrades of certain components.
We apply a target P/E multiple of 20.1x (0.5 S.D below the 5-year mean) on FY20/21 EPS, and derive a FV of HK$98.
Maintain HOLD.
Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sunny Optical 2382
by winston » Mon Apr 13, 2020 1:34 pm
SUNNY OPTICAL Mar Handset Lens Sets Shipment Grows 32.4% YoY
2020/04/09
SUNNY OPTICAL (02382.HK) announced that the shipment volume of handset lens sets increased by 32.4% YoY to 114 million units in March.
The shipment volume of handset camera modules increased by 38.1% YoY to 39.444 million units.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... atest-news
2020/04/09
SUNNY OPTICAL (02382.HK) announced that the shipment volume of handset lens sets increased by 32.4% YoY to 114 million units in March.
The shipment volume of handset camera modules increased by 38.1% YoY to 39.444 million units.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... atest-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Sunny Optical 2382
by winston » Thu May 07, 2020 2:47 pm
not vested
SUNNY OPTICAL(2382)
Analysis：
Sunny Optical Technology is a manufacturer of optical parts and related products in China.
The company is also a major supplier of many top Chinese smartphone brands.
In FY19, the company reported a revenue of 37.8 billion yuan, a YoY increase of 46%, and gross profit of 77.5 Billion yuan, increased by about 57.8% YoY.
As affected by the epidemic, the company`s Q1 sales were not as satisfying, the shipments of mobile phone lenses and modules even fell by more than 10% MoM in February this year.
However, the management has predicted that revenue could increase by 10 to 15% in FY20 if the COVID 19 pandemic could be under control.
The global pandemic situation is still unclear, and china`s smartphone sales in the first quarter even fell by 18%, but surprisingly still performed better than the market expectations.
In recent months, the sales of major domestic mobile phone brands have gradually recovered.
Among them, Xiaomi`s first-quarter shipments have yet risen by 6.1%.
Compared with other industry leaders, the impact of global consumption slowdown would have less effect on the company.
While the current domestic epidemic has been controlled mainly in China, we should expect the domestic demand in China to be strong in the second half of 2020.
With the smartphone`s camera upgrade has also become a trend among phone producers and 5G upgrade demand in China. We could expect the company revenue to pick back up soon.
Strateg y：
Buy-in Price: $110, Target Price: $123, Cut Loss Price: $104
Source: Phillips
SUNNY OPTICAL(2382)
Analysis：
Sunny Optical Technology is a manufacturer of optical parts and related products in China.
The company is also a major supplier of many top Chinese smartphone brands.
In FY19, the company reported a revenue of 37.8 billion yuan, a YoY increase of 46%, and gross profit of 77.5 Billion yuan, increased by about 57.8% YoY.
As affected by the epidemic, the company`s Q1 sales were not as satisfying, the shipments of mobile phone lenses and modules even fell by more than 10% MoM in February this year.
However, the management has predicted that revenue could increase by 10 to 15% in FY20 if the COVID 19 pandemic could be under control.
The global pandemic situation is still unclear, and china`s smartphone sales in the first quarter even fell by 18%, but surprisingly still performed better than the market expectations.
In recent months, the sales of major domestic mobile phone brands have gradually recovered.
Among them, Xiaomi`s first-quarter shipments have yet risen by 6.1%.
Compared with other industry leaders, the impact of global consumption slowdown would have less effect on the company.
While the current domestic epidemic has been controlled mainly in China, we should expect the domestic demand in China to be strong in the second half of 2020.
With the smartphone`s camera upgrade has also become a trend among phone producers and 5G upgrade demand in China. We could expect the company revenue to pick back up soon.
Strateg y：
Buy-in Price: $110, Target Price: $123, Cut Loss Price: $104
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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