Sunny Optical 2382

Re: Sunny Optical 2382

Postby winston » Wed Dec 13, 2017 1:49 pm

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Dec 12, 2017

SUNNY OPTICAL Slumps Nearly 7% as Handset Lens Shipment Down 3% MoM; Peers Subdued

SUNNY OPTICAL (02382.HK)'s handset lens shipment declined 3% monthly and hence Credit Suisse trimmed the target price by 5.9% to $158.4 to reflect the disappointing shipment in November.

Although Apple's share price jumped 2% last night, SUNNY OPTICAL missed 100MA (about $118.3) again.

It last printed at $111, diving 6.8%, being the blue chip suffering the most losses, on volume of 9.78 million shares, already close to the full-day transaction volume of yesterday.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Wed Dec 13, 2017 1:50 pm

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Dec 12, 2017

<Research Report>C Suisse Cuts SUNNY OPTICAL (02382.HK) Target to $158.4; Nov Shipment Disappointing

Credit Suisse said in its report that SUNNY OPTICAL (02382.HK)'s November shipment was at the lower end of the broker's estimates and disappointing although market had lowered estimates.

The broker cut 2017E-2019E EPS by 2-5% with target price trimmed to $158.4 from $168.3 and rating kept Outperform.

Source: AAStocks Financial
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Re: Sunny Optical 2382

Postby winston » Wed Dec 13, 2017 1:54 pm

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<Research Report>Nomura: SUNNY OPTICAL Nov Shipment Sees Moderate Fall MoM; Expects Annual Results to Remain Strong

Nomura said in its report that SUNNY OPTICAL (02382.HK)'s November shipment edged down monthly, mainly due to falling shipment of Mainland handsets, like Oppo and Vivo.

The research house believed the company can still achieve shipment target of this year.

The rating was kept Neutral with target price of $110.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Wed Dec 13, 2017 1:57 pm

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<Research Report>Citi: SUNNY OPTICAL (02382.HK) Stable Nov Shipment Eases Mkt Worries; Rated Buy

SUNNY OPTICAL (02382.HK) announced shipment data for November.

Citigroup stated in its report that market worries about slowing smartphone demand were overdone.

The research house reiterated Buy on the company with target price of $160, considering the company will outrun peers in businesses of handset lens, handset lens modules and auto lens.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Wed Dec 13, 2017 1:58 pm

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<Research Report>JPM: SUNNY OPTICAL Nov Shipment Falls MoM; 2H17 Profit Still Far Above Estimates

JPMorgan, in its report, said that SUNNY OPTICAL (02382.HK) November shipment saw a decline monthly, mainly due to the shift to 10MPx+ products which accounted for more than 50% of total shipments.

Shares in the company have underperformed Hang Seng Index for 15% last month due to the concern on Mainland smartphone inventory.

Currently, the broker's forecasts on 2H operating profit and EPS are 13% and 15% above the market consensus.

The target price was set at $160 and the investment rating was Overweight.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Wed Dec 13, 2017 2:00 pm

SUNNY OPTICAL Nov Handset Lens Shipment Up 42.9% YoY to 57.269M Units

SUNNY OPTICAL (02382.HK) announced that handset lens shipment increased 42.9% yearly to 57.269 million units in November.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Wed Dec 27, 2017 1:23 pm

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Dec 18, 2017

<Research Report>Citi Trims SUNNY OPTICAL Target to $150; Cuts Forecast for 3D Sensing Lens Shipment

Citigroup said that Apple Inc. injected USD390 million in chip maker Finisar and the company will allocate such capital in Texas factory.

Such products are expected to be delivered in 2H18, implying that Apple will have a strong demand on 3D sensing products.

It is expected that 3D sensing market will reach EUR7 billion in 2021, equivalent to 49% 2017-2021 CAGR.

The broker revised down related forecast for 3D sensing products of SUNNY OPTICAL (02382.HK) and trimmed the company's 2019 3D sending market share to 30% from 40%.

In addition to the weak industry demand, 2017-2019 earnings forecast was down 1.5%-5.5%. The target price was cut to $150 from $160 and the investment rating was maintained at Buy.

AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Tue Jan 09, 2018 11:51 am

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<Research Report>Macquarie Keeps Outperform on SUNNY OPTICAL (02382.HK) on Value-chain Shift

Macquarie said in its report that market was overly bearish on optical design sector and overlooked the big picture.

The research house was confident of the performance of SUNNY OPTICAL (02382.HK) mainly attributable to value-chain shift when camera solution upgrades.

Macquarie kept the company at Outperform with target price of $220 given attractive valuation.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Tue Jan 09, 2018 11:54 am

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Jan 3, 2018

<Research Report>M Stanley: SUNNY OPTICAL Faces More Complicated Situation since 2018; To Stay Steady in Long Run

Morgan Stanley, in its report, reiterated SUNNY OPTICAL (02382.HK) at Overweight. The research house said although the destocking of Mainland smartphones will continue, it will only be seasonal.

Morgan Stanley estimated that SUNNY OPTICAL has been facing more complicated landscape since 2018 but it viewed the company will stay steady in long run.

The target price was trimmed to $145 from $155.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Tue Feb 20, 2018 10:14 am

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SUNNY OPTICAL(2382)

Analysis:

The company gave positive profit alert on Feb 12, which indicated that 120% YoY increase in profit attributable to owners is expected. This is mainly due to the significant increase in company`s revenue and margin expansion.

As the increasing popularity of dual camera phones, the business of mobile camera module is expected to burst.

In past few months, the business growth slowed down due to the weak demand of China`s mobile phone market. But the company has leading technologies in field of camera miniaturization and 3D sensing module.

As Android adopts 3D sensing technology, business of mobile optical lens is expected to rebound. In addition, the company is the largest vehicle lens supplier in the world, and has good relationships with Mobileye, BOSCH and other mainstream suppliers.

With the accelerated development of automotive intelligent applications such as pilotless driving, we expect vehicle lens business to grow at a high speed.

In long run, the company`s investment in artificial intelligence may gradually become a new driving force of future development.

Strategy:
Buy-in Price: $128, Target Price: $142, Cut Loss Price: $115

Source: Phillips
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