Re: Sunny Optical 2382
Posted: Mon Jun 05, 2017 3:08 pm
not vested
June 2, 2017
<Research Report>Daiwa Lifts SUNNY OPTICAL (02382.HK) Target to $76; Rated Buy
Daiwa, in its report, said SUNNY OPTICAL (02382.HK) is a major beneficiary of the rising adoption of dual-cams in smartphones for China brands.
Daiwa forecasted the number of smartphones with dual-cams from China brands to rise to 130 million in 2017 from 38 million in 2016.
Thanks to new model releases by Oppo and Vivo, the broker expected Sunny to resume monthly volume growth for handset camera modules (HCM) in May-June, ending the decline trend seen in the past three months. Sunny continues to be the leader in HCM.
Daiwa raised its 2017-18 EPS forecast by 2-4%, lifted the target price from $65 to $76, with rating Buy.
Source: AAStocks Financial News
June 2, 2017
<Research Report>Daiwa Lifts SUNNY OPTICAL (02382.HK) Target to $76; Rated Buy
Daiwa, in its report, said SUNNY OPTICAL (02382.HK) is a major beneficiary of the rising adoption of dual-cams in smartphones for China brands.
Daiwa forecasted the number of smartphones with dual-cams from China brands to rise to 130 million in 2017 from 38 million in 2016.
Thanks to new model releases by Oppo and Vivo, the broker expected Sunny to resume monthly volume growth for handset camera modules (HCM) in May-June, ending the decline trend seen in the past three months. Sunny continues to be the leader in HCM.
Daiwa raised its 2017-18 EPS forecast by 2-4%, lifted the target price from $65 to $76, with rating Buy.
Source: AAStocks Financial News