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<Research Report>JPM Trims SUNNY OPTICAL (02382.HK) TP to $140; Rated Overweight
SUNNY OPTICAL (02382.HK)'s management shared positive 2H forecast at the analyst conference call, JP Morgan said in its report, which believed the GM will better in 2H and thus raised the full-year shipment estimates.
Shipment of handset lens was expected to rise 45-50% YoY, ahead of the previous forecast growth of 30-35%.
JP Morgan foresaw the share price of SUNNY OPTICAL to outshine market in next six months with target price slashed to $140 from $200 and rating maintained at Overweight, given GM recovery and above-projection shipment etc..
Source: AAStocks Financial News