Sunny Optical 2382

Re: Sunny Optical 2382

Postby winston » Thu Jun 21, 2018 8:47 am

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Sunny Optical (2382 HK)
2019 To Be A Fruitful Year For New Camera Products


Despite the tough smartphone market, Sunny is likely to achieve its 2018 shipment volume target.

Unlike other smaller peers, Sunny’s HCM business would only experience mild margin pressure in 1H18.

From 2019 onwards, new products such as triple cameras and 3D sensing modules would be Sunny’s key growth drivers.

As such, we revise up our profit forecasts for 2019-20.

We raise our target price to HK$157.25, based on 33x 2018F PE. Maintain HOLD. Entry price HK$138.60.

Source: UOBKH

https://research.uobkayhian.com/content ... 1fd89eb79a
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Re: Sunny Optical 2382

Postby winston » Fri Jun 22, 2018 5:25 am

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Sunny Optical unaware of reason for stock price swings

Smartphones camera modules maker Sunny Optical Technology (Group) (2382),whose shares slumped by 8.98 percent, or HK$14.10, at HK$143 today, said media reports related to sales revenue, gross profit margin, or profit estimates do not reflect its position.

In an announcement made at the request of the Hong Kong Stock Exchange, the company said it was not aware of any reason for the share price fluctuation.

The company said that it has updated investors on the recent development and growth momentum of the technology and market without specifying sales revenue, gross profit margin or profit estimates or forecast of share price.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0621&sid=2
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Re: Sunny Optical 2382

Postby winston » Fri Jul 06, 2018 11:12 am

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<Research Report>BofAML Lifts SUNNY OPTICAL (02382.HK) TP to $200; Reiterated Buy

Bank of America Merrill Lynch said in its report that SUNNY OPTICAL (02382.HK) has a leading role in various product markets.

2020 CAGR is expected to reach 18%, driven by camera function upgrades, 3D sensing and auto opportunities.

SUNNY OPTICAL was reiterated Buy at the target price $200, lifted from $175.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Thu Jul 12, 2018 11:44 am

<Research Report>M Stanley: SUNNY OPTICAL (02382.HK) Handset Lens Shipment Beats; Kept Overweight

Morgan Stanley said in its report that SUNNY OPTICAL (02382.HK)'s handset lens shipment in June came ahead of its estimates.

3Q18 CCM and handset lens volume growth is expected to continue sequentially on the ride of surging market shares, especially among OPPO and Vivo.

The broker remained bullish on SUNNY OPTICAL, for which the company was kept Overweight at the target price $220.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Thu Jul 12, 2018 2:31 pm

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<Research Report>G Sachs: SUNNY OPTICAL (02382.HK) Shipment Meets 49% Full-yr Target, Faster than Last 2 Yrs

Goldman Sachs said in its report that SUNNY OPTICAL (02382.HK)'s 1H18 total handset lens shipment grew 54% yearly to 402 million units, ahead of its forecast of 392 million units and reaching 49% of the company?s full year guidance, which came in faster than 2016-17 run-rates of 38% and 43%.

SUNNY OPTICAL was rated Buy (on CL) at the target price $188.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Tue Jul 17, 2018 2:13 pm

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July 12, 2018

<Research Report>JPM: SUNNY OPTICAL Handset Lens Shipment Tops Forecast Again; Reiterates TP $200

SUNNY OPTICAL (02382.HK)'s June handset lens shipment outstripped all street consensus again, JP Morgan said in its report, affirming its above-consensus view on SUNNY OPTICAL's 2Q high-end handset demand.

JP Morgan believed numerous handset brands will embrace lens upgrade.

SUNNY OPTICAL was rated Overweight with target price kept at $200.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Wed Jul 18, 2018 7:22 am

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Sunny Optical tumbles on fraud allegation

by Tracy HU

Shares of Sunny Optical Technology (2382) once tumbled 6.76 percent in yesterday's trading after short seller GMT Research claimed spotting fraudulent-like traits in the smartphone lens maker's financial report.

GMT Research yesterday tweeted its concerns about Sunny Optical, including profit manipulation, fake cash flow and debt reconciliation.

Responding to a netizen's question, GMT Research said it finds suspicious certain Sunny Optical practices as it "generates excess internal cash flows and then still raises external debt finance which is a bit odd."

"However, cash balances, receivables, etc are not overly large," GMT Research said.

Source: The Standard
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Re: Sunny Optical 2382

Postby winston » Wed Jul 18, 2018 7:22 am

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Sunny Optical tumbles on fraud allegation

by Tracy HU

Shares of Sunny Optical Technology (2382) once tumbled 6.76 percent in yesterday's trading after short seller GMT Research claimed spotting fraudulent-like traits in the smartphone lens maker's financial report.

GMT Research yesterday tweeted its concerns about Sunny Optical, including profit manipulation, fake cash flow and debt reconciliation.

Responding to a netizen's question, GMT Research said it finds suspicious certain Sunny Optical practices as it "generates excess internal cash flows and then still raises external debt finance which is a bit odd."

"However, cash balances, receivables, etc are not overly large," GMT Research said.

Source: The Standard
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Re: Sunny Optical 2382

Postby winston » Wed Jul 18, 2018 9:20 am

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SUNNY OPTICAL Clarifies: Allegations in Online Posts Inaccurate

The Board clarified that the allegations contained in the Online Posts are inaccurate, incorrect and without grounds.

The Company reserved its right to take legal action against the damages done to the Group by the incorrect allegations in the Online Posts and will take all necessary legal actions where applicable.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Wed Jul 18, 2018 9:26 am

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July 17, 2018

SUNNY OPTICAL Found Fraud-like Traits in Financial Report: GMT Research

The short seller GMT Research tweeted that fraud-like traits are found in SUNNY OPTICAL (02382.HK)'s financial report, as seen in fake cash flow numbers, and the financial risk is medium level.

The GMT post on Twitter said the company is still expanding foreign debts despite excessive internal cash flow, while its cash balance and receivables are not that much.

Source: AAStocks Financial News
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