not vested
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