Sunny Optical 2382

Re: Sunny Optical 2382

Postby winston » Mon Feb 18, 2019 10:33 am

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SUNNY OPTICAL(2382)

Analysis:

Products of Sunny Optical Technology (2382) comprise 3 categories, namely optical components, optoelectronic products and optical instruments.

According to the Company`s announcement, shipment of handset lens sets in January 2019 totaled 81,491,000 pieces, representing a yearly gain of 58.4% and a monthly gain of 7.5%, mainly due to the increase in market share of the handset lens sets of the Company.

Separately, shipment of vehicle lens sets totaled 4,208,000 pieces, representing a yearly gain of 29.6% and a monthly gain of 7.2%, mainly due to the rapid growth in vehicle imaging field and the increased global market share of the vehicle lens sets of the Company.

As the utilization rate of the Company`s new factory improves, the production line of the handset camera modules business optimizes and the automation level improves in the year ending 31 December 2019, the Company`s production efficiency will improve and production cost will decrease. (I do not hold the above stock)

Strategy:
Buy-in Price: $83, Target Price: $90, Cut Loss Price: $78

Source: Phillips
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Re: Sunny Optical 2382

Postby winston » Thu Apr 11, 2019 10:07 am

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SUNNY OPTICAL Mar Shipment Volume of Handset Lens Sets Add 41.7% YoY

SUNNY OPTICAL (02382.HK) announced that for March, the shipment volume of handset lens sets increased by 41.7% YoY and 31.9% MoM to 85.988 million pieces, 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 30.5% YoY and 39.2% MoM to 3.73 million pieces.

The shipment volume of handset camera modules increased by 14.3% YoY and 1.5% MoM to 28.566 million pieces, which was mainly due to the product mix improvement of the handset camera modules of the Company.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Fri May 10, 2019 11:08 am

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SUNNY OPTICAL (02382.HK) Apr Handset Lens Shipment Rises 59.9% YoY

SUNNY OPTICAL (02382.HK) announced the details of the shipment volume of each major product in April 2019.

The shipment volume of handset lens sets and handset camera modules was respectively 113 million and 38.887 million units, up 59.9% and 36.1% yearly.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Mon May 20, 2019 9:31 am

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<Research Report>Nomura: SUNNY OPTICAL, Q TECH Key Optical Component Suppliers of Huawei

Risk on Huawei and the relevant supply chain is escalating again as the US is adding the tech giant to her trade blacklist, Nomura said in its report.

While most leading communication component vendors, such as YOFC (06869.HK), have business relationships with Huawei, SUNNY OPTICAL (02382.HK) and Q TECH (01478.HK) are two of the key optical component supplier for the Chinese company in terms of the handset sector.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Mon May 20, 2019 9:51 am

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<Research Report>UBS: SUNNY OPTICAL Has 20-25% Supply Exposure to Huawei; Sees Wide Industry Impact from Ban

The US declared an execution order against Huawei, meaning that the transfer of US technology to the tech giant requires a license from Washington, similar in nature to the previous restrictions slammed on Jinhua IC and ZTE, UBS said in its report.

Suppliers with highest exposure to Huawei include BYD ELECTRONIC (00285.HK), SUNNY OPTICAL (02382.HK) and AAC TECH (02018.HK), where SUNNY OPTICAL has up to 20%-25% sales exposure to the troubled Chinese company, the broker added.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Tue Jun 18, 2019 3:42 pm

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<Research Report>UBS Trims SUNNY OPTICAL (02382.HK) TP to $106; Mkt Worry Overdone

UBS lowered the 2019-21E earnings for SUNNY OPTICAL (02382.HK) by 18%, based on the Huawei row and slower-than-expected gross margin recovery of camera module unit.

The company's target was cut from $130 to $106.

However, the broker saw overdone market reaction to the Huawei dispute, while projecting SUNNY OPTICAL to post a 20% net profit CAGR over 2020-23.

Overall, SUNNY OPTICAL was retained at Buy for client diversity.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Wed Jul 10, 2019 12:13 pm

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Sunny Optical handset lens shipments rise by 15.9pc

Sunny Optical (2382) said handset lens sets shipment volume increased by 15.9 percent from a year ago to 101 million in June, and it achieved at least 44.7 percent of its full-year target in the segment in the six months.

Shipments of vehicle lens sets increased by 34.7 percent year-over-year to 4.16 million, which was mainly due to better developments in the in-vehicle camera field.

The shipments of handset camera modules increased by 21.9 percent year-on-year to 43.23 million, completing at least 40.6 percent of its full-year target.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0709&sid=2
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Re: Sunny Optical 2382

Postby winston » Wed Jul 10, 2019 12:13 pm

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Sunny Optical handset lens shipments rise by 15.9pc

Sunny Optical (2382) said handset lens sets shipment volume increased by 15.9 percent from a year ago to 101 million in June, and it achieved at least 44.7 percent of its full-year target in the segment in the six months.

Shipments of vehicle lens sets increased by 34.7 percent year-over-year to 4.16 million, which was mainly due to better developments in the in-vehicle camera field.

The shipments of handset camera modules increased by 21.9 percent year-on-year to 43.23 million, completing at least 40.6 percent of its full-year target.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0709&sid=2
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Re: Sunny Optical 2382

Postby winston » Wed Jul 10, 2019 1:10 pm

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<Research Report>C Suisse Hikes SUNNY OPTICAL (02382.HK) TP to $84.6; Jun Shipment Pioneers Peers

Credit Suisse mentioned in its research report that SUNNY OPTICAL (02382.HK) delivered handset camera module, handset lens and vehicle lens shipment growth of 22%, 16% and 35% yearly in June.

The broker kept Neutral on SUNNY OPTICAL, given 1H19 GM pressures and high operating expenses on new product development, at the target price $84.6, hiked from $81.3.

Source: AAStocks Financial News
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Re: Sunny Optical 2382

Postby winston » Thu Jul 18, 2019 11:53 am

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<Research Report>Citi Lifts SUNNY OPTICAL (02382.HK) TP to $113; Expects Smartphone Shipment to Beat

In its report, Citigroup reiterated SUNNY OPTICAL (02382.HK) at Buy with target price hiked to $113 from $105 to reflect higher market shares of Samsung's camera modules and benefit from 5G development.

Assuming the smartphone shipment of the company to beat forecast, Citigroup regarded SUNNY OPTICAL as its preferred stock among the industry.

SUNNY OPTICAL will unveil the interim results in mid-August.

Citigroup estimated the company's interim net profit to hit RMB1.4 billion, up 18% YoY, thanks to subdued GPM of HCM and shrinkage of forex loss.

Source: AAStocks Financial News
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