Sunny Optical 2382

[winston]

vested

M Stanley Sees SUNNY OPTICAL (02382.HK)'s 4Q Module Orders to Beat Peers', Kept Overweight

Morgan Stanley turned more confident about SUNNY OPTICAL (02382.HK)'s 2H20 business, expecting the firm to track better-than-peer 4Q20 module orders with growth driven by Xiaomi and OPPO phones.

SUNNY OPTICAL was retained at Overweight, with a target of $150.

Related NewsC Suisse: SUNNY OPTICAL (02382.HK) Aug Shipment Outruns Peers, Favours Shr Price

Source: AAStocks Financial News

[winston]

vested

Sunny Optical Tech lens shipments rise

Sunny Optical Technology (2382) said shipments of handset lens sets grew by 15.5 percent from a year ago, or an increase of 3.2 percent month-on-month, to 168 million units last month.

Shipment of vehicle lens sets expanded by 32 percent year-on-year to 6.37 million units in September, rising by 17.7 percent from that in August with reduced impact from the epidemic, the company, said.

Shipments of handset camera modules also grew by 21.9 percent year-on-year to 58.96 million units last month.

Source: The Standard

https://www.thestandard.com.hk/breaking ... ments-rise

[winston]

vested

Sunny Optical Technology
3Q20 shipments remained resilient

Sunny’s Sep 2020 shipments were very strong: HCM/HLS/VLS shipments increased by 22%/16%/32% yoy.

3Q20 shipments stayed resilient on solid demand from Samsung and Xiaomi.

Huawei has however started to cut its orders.

Reiterate Add and TP of HK$145 is based on 23x FY21F P/E.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 4374537298

[winston]

vested

Sunny Optical (2382 HK)
Key Takeaways From Asian Gems Conference

Management maintained its 2020 sales volume growth guidance of 10%, 10% and 5% yoy for HLS, HCM and VLS respectively.

It expects the spec upgrade trend to reaccelerate from 2021.

The HLS business remains rather unaffected by the geopolitical risks, given the segment’s large exposure to Samsung, and management remains confident of prospects in the segment in the medium to long term.

Maintain BUY and raise target price to HK$143.40 on stronger-than-expected shipment ytd.

Source: UOBKH

https://research.uobkayhian.com/content ... 52bed9aac7

[winston]

not vested

JPM: SUNNY OPTICAL (02382.HK) May Secure iPad Lens Project, Start Producing iPhone Lens in 2022

JPMorgan in its report reiterated Overweight on SUNNY OPTICAL (02382.HK) at the target price $155.

The broker envisioned the company's fundamentals to be less impacted by Huawei's order downturn.

Moreover, its iPad lens project is going well according to the broker's supply chain checks. The company may strive for more iPhone lens orders in future.

The broker's base-case assumption is that SUNNY OPTICAL will soon start sampling iPhone lens and try mass production and delivery of iPhone lenses in 2022.

Source: AAStocks Financial News

[winston]

not vested

C Suisse: SUNNY OPTICAL Orders Improve; Partnership with US Target Clients Not Limited to Tablet Lens

Credit Suisse kept SUNNY OPTICAL (02382.HK) at Outperform, with a $168 target.

Despite fewer Huawei orders, SUNNY OPTICAL saw other customers aggressively boosting their orders. With 2H20 being the peak season, the firm recorded better order momentum under high utilization.

Related NewsJPM: SUNNY OPTICAL (02382.HK) May Secure iPad Lens Project, Start Producing iPhone Lens in 2022

SUNNY OPTICAL's projects from the targeting US customers are not only limited to tablets, added the broker.

Source: AAStocks Financial News

[winston]

not vested

Brighter outlook on sustained order wins

Shipments for all key segments beat our and the company’s guidance due to substantial Xiaomi and Samsung orders won in HCM and recovery in VLS.

HCM’s ASP and GPM likely to remain stable hoh due to an improvement in product mix and operational efficiency.

Reiterate Add; Target price raised to HK$204.80 on EPS hike, pegged to 30x FY21F P/E, +2 s.d. of its 3-year average.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 7CE745ECBA

[winston]

Recovery Of Shipment And Specification In Sight

We expect the handset component industry to enjoy a speedy recovery from 4Q20 on the back of a rebound in shipment volume and spec upgrade trend.

Prices of 5G-related components are expected to decline, given better economies of scale and supplydemand dynamics.

This moves the handset cameras back under the spotlight after a hiatus in 2020.

This will benefit industry leaders such as Sunny after a year of market consolidation.

Maintain BUY and raise target price to HK$178.00.

Source: UOBKH

https://research.uobkayhian.com/content ... aa6b24d14f

[winston]

Recovery Of Shipment And Specification In Sight

We expect the handset component industry to enjoy a speedy recovery from 4Q20 on the back of a rebound in shipment volume and spec upgrade trend.

Prices of 5G-related components are expected to decline, given better economies of scale and supplydemand dynamics.

This moves the handset cameras back under the spotlight after a hiatus in 2020.

This will benefit industry leaders such as Sunny after a year of market consolidation.

Maintain BUY and raise target price to HK$178.00.

Source: UOBKH

https://research.uobkayhian.com/content ... aa6b24d14f

[winston]

vested

Sunny Optical vehicle lens shipments rise, but camera modules drop sharply

Sunny Optical Technology (2382) announced its vehicle lens sets shipments grew by 37.3 percent year-on-year to 5.736 million units.

However, shipments fell by 14.2 percent month-on-month due to the Christmas holidays.

Handset lens sets shipment grew by 2.5 percent year-on-year and 1.3 percent month-on-month.

The handset camera modules shipments fell by 23.9 percent from a year ago to 43.29 million units, mainly due to the shortage of the key components in the smartphone supply chain. These fell by 3.4 percent month-on-month.

Source: The Standard

https://www.thestandard.com.hk/breaking ... op-sharply