not vested
SUNNY OPTICAL Expects Interim NP to Drop Up to 70%
SUNNY OPTICAL (02382.HK) issued a profit warning, expecting that for the six months ended 30 June 2023, the profit attributable to owners of the company would amount to approximately RMB407 million to RMB475 million, which represents a YoY decrease of about 65% to 70%.
Dividend History
Announce Date Event Particular
2023/03/20 Final D:HKD 0.5000(equivalent to RMB 0.4390)
2022/08/15 Interim No Dividend
2022/03/22 Final D:RMB 0.9100(equivalent to HKD 1.1180)
2021/08/16 Interim No Dividend
The company attributed the decrease to factors such as the slow recovery of the Chinese economy and the uncertainties of the global economy during 1H23, continued weak global demand for the smartphone market, the intense industrial competition and the prolonged trend of de-specification of smartphone cameras, which resulted in the YoY decrease of the shipment volume of handset lens sets and handset camera modules of the group, with increasing pressure on average selling prices and gross profit margins.
Related News: Daiwa Reduces TP of SUNNY OPTICAL (02382.HK) to $95, Rates Buy
Meanwhile, the depreciation of RMB in 1H23 resulted in an unrealised foreign exchange loss amounting to approximately RMB161.5 million, stemming from the USD400 million sustainability-linked bonds issued by the Company on 17 January 2023 and long-term bank borrowings amounting to approximately USD277 million, which was a non-cash item.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... 279718/all
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Sunny Optical 2382
Re: Sunny Optical 2382
by winston » Thu Jul 20, 2023 9:56 am
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Re: Sunny Optical 2382
by winston » Fri Oct 13, 2023 7:36 am
not vested
Sunny's shares shine as shipments rise 17pc
Apple supplier Sunny Optical (2382) surged 12 percent after reporting a 17 percent year-on-year increase in the shipment of its handset lens sets for last month.
The company's share price concluded at HK$59.2 yesterday, representing a 12.23 percent increase from the closing price of the preceding trading day.
In September, Sunny Optical witnessed a 16.9 percent year-over-year surge in the shipment volume of handset lens sets, reaching 111.7 million units.
This increase was primarily attributed to a low base resulting from weak demand in the overall smartphone market during the same period last year.
Meanwhile, Nikkei Asia reported that Huawei has been stockpiling components for months with an aim to ship between 60 to 70 million smartphones in 2024.
Besides accumulating supplies such as lenses, cameras, printed circuit boards and other smartphone components throughout the year, Huawei reportedly requested Qualcomm to deliver its full-year chip order by June 2024, anticipating potential additional export controls by the US.
Huawei shipped only 30.5 million smartphones in 2022, ranking tenth globally according to IDC.
Source: The Standard
https://www.thestandard.com.hk/section- ... -rise-17pc
Sunny's shares shine as shipments rise 17pc
Apple supplier Sunny Optical (2382) surged 12 percent after reporting a 17 percent year-on-year increase in the shipment of its handset lens sets for last month.
The company's share price concluded at HK$59.2 yesterday, representing a 12.23 percent increase from the closing price of the preceding trading day.
In September, Sunny Optical witnessed a 16.9 percent year-over-year surge in the shipment volume of handset lens sets, reaching 111.7 million units.
This increase was primarily attributed to a low base resulting from weak demand in the overall smartphone market during the same period last year.
Meanwhile, Nikkei Asia reported that Huawei has been stockpiling components for months with an aim to ship between 60 to 70 million smartphones in 2024.
Besides accumulating supplies such as lenses, cameras, printed circuit boards and other smartphone components throughout the year, Huawei reportedly requested Qualcomm to deliver its full-year chip order by June 2024, anticipating potential additional export controls by the US.
Huawei shipped only 30.5 million smartphones in 2022, ranking tenth globally according to IDC.
Source: The Standard
https://www.thestandard.com.hk/section- ... -rise-17pc
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Re: Sunny Optical 2382
by winston » Wed Jan 31, 2024 8:52 am
not vested
Sunny Optical's net poised to halve
Apple supplier Sunny Optical Technology's (2382) net profit in 2023 expected to be half of the previous year's at approximately 1.1 to 1.2 billion yuan (HK$1.21 to 1.32 billion).
The net profit in 2022 was approximately 2.40 billion yuan.
The group said the annual decrease is due to the increasing pressure on average selling prices and gross profit margins of handset lens sets and handset camera modules.
The reduction was driven by the slow recovery of the Chinese economy, uncertainties of the global economy, continued weak global demand of the smartphone market, intense industrial competition and the prolonged trend of de-specification of smartphone cameras, the board added.
Source: The Standard
https://www.thestandard.com.hk/section- ... d-to-halve
Sunny Optical's net poised to halve
Apple supplier Sunny Optical Technology's (2382) net profit in 2023 expected to be half of the previous year's at approximately 1.1 to 1.2 billion yuan (HK$1.21 to 1.32 billion).
The net profit in 2022 was approximately 2.40 billion yuan.
The group said the annual decrease is due to the increasing pressure on average selling prices and gross profit margins of handset lens sets and handset camera modules.
The reduction was driven by the slow recovery of the Chinese economy, uncertainties of the global economy, continued weak global demand of the smartphone market, intense industrial competition and the prolonged trend of de-specification of smartphone cameras, the board added.
Source: The Standard
https://www.thestandard.com.hk/section- ... d-to-halve
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Re: Sunny Optical 2382
by winston » Wed Feb 07, 2024 7:11 am
not vested
Sunny's handset shipments soar
Apple supplier Sunny Optical Technology (2382) said the shipment volume of its handset lens sets jumped 54.8 percent to 103 million units last month.
The announcement attributed the year-on-year increase in shipments of mobile phone lenses and mobile phone camera modules, mainly to a low base for the same period a year ago when demand was weak in the smartphone market overall.
It said vehicle lens shipments also increased by 31.2 percent year-on-year, mainly because of a rise in the sales of domestic new energy brand vehicles during the same.
Source: The Standard
https://www.thestandard.com.hk/section- ... ments-soar
Sunny's handset shipments soar
Apple supplier Sunny Optical Technology (2382) said the shipment volume of its handset lens sets jumped 54.8 percent to 103 million units last month.
The announcement attributed the year-on-year increase in shipments of mobile phone lenses and mobile phone camera modules, mainly to a low base for the same period a year ago when demand was weak in the smartphone market overall.
It said vehicle lens shipments also increased by 31.2 percent year-on-year, mainly because of a rise in the sales of domestic new energy brand vehicles during the same.
Source: The Standard
https://www.thestandard.com.hk/section- ... ments-soar
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sunny Optical 2382
by winston » Mon Mar 04, 2024 7:31 pm
not vested
SUNNY OPTICAL(2382)
Analysis
In the past decade, Sunny Optical has seized the global wave of smartphones and leapt to become a world-class optical giant.
However, the global mobile phone market became saturated and competition intensified, putting pressure on the overall profitability of the Company.
As the demand for replacement devices continues to increase, the global smartphone shipment volume for the whole year of 2023 was 1.14 billion units, with a decline narrowing to 4%.
The decline has been continuously narrowing, and in the fourth quarter, it increased by 8% yoy, showing a strong signal of stabilization and recovery.
The yoy growth rate of Sunny Optical 's mobile phone lens and module product shipments has turned positive at 2H23, and 2024 will be a turning point for the Company's performance to return to growth.
In addition, the application of AI on mobile devices will bring revolutionary impact and create new markets.
Strategy：
Buy Price : HK$49; Target Price : HK$60 ; Stop Loss : HK$ 43
Source: Phillips
SUNNY OPTICAL(2382)
Analysis
In the past decade, Sunny Optical has seized the global wave of smartphones and leapt to become a world-class optical giant.
However, the global mobile phone market became saturated and competition intensified, putting pressure on the overall profitability of the Company.
As the demand for replacement devices continues to increase, the global smartphone shipment volume for the whole year of 2023 was 1.14 billion units, with a decline narrowing to 4%.
The decline has been continuously narrowing, and in the fourth quarter, it increased by 8% yoy, showing a strong signal of stabilization and recovery.
The yoy growth rate of Sunny Optical 's mobile phone lens and module product shipments has turned positive at 2H23, and 2024 will be a turning point for the Company's performance to return to growth.
In addition, the application of AI on mobile devices will bring revolutionary impact and create new markets.
Strategy：
Buy Price : HK$49; Target Price : HK$60 ; Stop Loss : HK$ 43
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Sunny Optical 2382
by winston » Wed Mar 27, 2024 2:47 pm
not vested
HSBC Global Research Downgrades SUNNY OPTICAL (02382.HK) to Hold, Axes TP to $41.4
HSBC Global Research cited SUNNY OPTICAL (02382.HK) 's net profit of RMB663 million in 2H23, at the lower end of its earlier profit warning range, down 37% YoY and 29% below the broker's expectations.
The broker admitted that underestimated market competition and overestimated recovery of demand in the optical industry worsened gross profit margins (GPMs) for smartphone lens and camera modules in 2H23.
The management expected the two divisions delivery growth of 5% and flat this year, and GPM guidance of 20% and 5% respectively.
Related News: CMBI Trims SUNNY OPTICAL TP to $47.31; Forecasts Reset on Conservative Guidance
The broker also downgraded the stock from Buy to Hold and axed its target price from $89.7 to $41.4.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
HSBC Global Research Downgrades SUNNY OPTICAL (02382.HK) to Hold, Axes TP to $41.4
HSBC Global Research cited SUNNY OPTICAL (02382.HK) 's net profit of RMB663 million in 2H23, at the lower end of its earlier profit warning range, down 37% YoY and 29% below the broker's expectations.
The broker admitted that underestimated market competition and overestimated recovery of demand in the optical industry worsened gross profit margins (GPMs) for smartphone lens and camera modules in 2H23.
The management expected the two divisions delivery growth of 5% and flat this year, and GPM guidance of 20% and 5% respectively.
Related News: CMBI Trims SUNNY OPTICAL TP to $47.31; Forecasts Reset on Conservative Guidance
The broker also downgraded the stock from Buy to Hold and axed its target price from $89.7 to $41.4.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sunny Optical 2382
by winston » Wed Jun 19, 2024 8:40 am
Sunny Optical (2382 HK)
Takeaways From 2024 Investor Day
Sunny has turned more positive on the smartphone market in 2024, forecasting a 3.5% yoy growth in global smartphone sales.
The company provided more clarity on its exposure to AI, highlighting the potential of XR applications, machine vision and smartphone optical component upgrades directly driven by AI smartphones.
We remain confident in Sunny’s recovery story in 2024-26, and the Investor Day should boost confidence in the market.
Maintain BUY and target price of HK$63.00.
Source: UOBKH
https://research.uobkayhian.com/content ... e=hs_email
Takeaways From 2024 Investor Day
Sunny has turned more positive on the smartphone market in 2024, forecasting a 3.5% yoy growth in global smartphone sales.
The company provided more clarity on its exposure to AI, highlighting the potential of XR applications, machine vision and smartphone optical component upgrades directly driven by AI smartphones.
We remain confident in Sunny’s recovery story in 2024-26, and the Investor Day should boost confidence in the market.
Maintain BUY and target price of HK$63.00.
Source: UOBKH
https://research.uobkayhian.com/content ... e=hs_email
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sunny Optical 2382
by winston » Wed Jun 19, 2024 10:09 am
not vested
<Research>SUNNY OPTICAL to Cover AI Themes on Investor Day After Mkt Close; CLSA Considers as Positive Driver
CLSA noted in a report that SUNNY OPTICAL (02382.HK) will hold its annual investor day event at 4:30 pm today.
According to information from the press conference, which was uploaded at noon, the company will discuss the theme of Edge-side AI Development.
According to the broker, SUNNY's investor day has attracted external attention and associations, especially in light of the recent trend of margin recovery in the industry and the emerging theme of AI handsets.
It is expected that the company's presentation will focus on the business fundamentals, and it is believed that it is unlikely to change its guidance on shipment volume and margins.
SUNNY also raised its forecast for global smartphone sales this year to 3.5% YoY growth, up from the 1.8% growth projected at the start of the year.
CLSA believed the AI handset theme and the more optimistic market outlook would be positive drivers for the company's stock price and the entire consumer electronics industry.
CLSA maintained its Buy rating and 12-month target price of $57 on SUNNY.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
<Research>SUNNY OPTICAL to Cover AI Themes on Investor Day After Mkt Close; CLSA Considers as Positive Driver
CLSA noted in a report that SUNNY OPTICAL (02382.HK) will hold its annual investor day event at 4:30 pm today.
According to information from the press conference, which was uploaded at noon, the company will discuss the theme of Edge-side AI Development.
According to the broker, SUNNY's investor day has attracted external attention and associations, especially in light of the recent trend of margin recovery in the industry and the emerging theme of AI handsets.
It is expected that the company's presentation will focus on the business fundamentals, and it is believed that it is unlikely to change its guidance on shipment volume and margins.
SUNNY also raised its forecast for global smartphone sales this year to 3.5% YoY growth, up from the 1.8% growth projected at the start of the year.
CLSA believed the AI handset theme and the more optimistic market outlook would be positive drivers for the company's stock price and the entire consumer electronics industry.
CLSA maintained its Buy rating and 12-month target price of $57 on SUNNY.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Sunny Optical 2382
by winston » Wed Jun 19, 2024 10:18 am
not vesteds
<Research>CMS Expects SUNNY OPTICAL (02382.HK) Handset Biz Recovery to Beat Expectations, Initiates Rating at Overweight
CMS released a research report judging that the smartphone terminal recovery, and optical imaging upgrade trend like large image size/ periscope in 2024 will drive SUNNY OPTICAL (02382.HK) 's cell phone product shipments, while average product price and gross profit margin will also increase, according to recent industrial chain tracking and the Company's product shipment data.
In 1H24, handset lenses and camera module business availability has returned to normal levels, and the recovery rate is expected to exceed the previous official guidance.
Related News: CICC Keeps Watching SUNNY OPTICAL (02382.HK) Optical Industrial Chain Valuation Repair Opportunity
In the medium to long term, CMS was optimistic about the growth potential of SUNNY OPTICAL's new overseas handset customers, car lens and XR area, with particular emphasis on the elasticity of growth in AR, which is the focus of its R&D this year, in the next 3 years.
CMS initiated coverage on SUNNY OPTICAL, with rating at Overweight, and expected the Company's 2024-2026 total revenue to be RMB37 billion/ RMB41.9 billion/ RMB47.4 billion.
Net profit attributable to the parent company for 2024-2026 is also expected to be RMB1.9 billion/ RMB2.4 billion/ RMB3 billion, corresponding to EPS of RMB1.84/ RMB2.32/ RMB2.83 and a projected PE ratio of 24.1x/ 19.1x/ 15.6x of the current share price.
Related News: Macquarie: Apple AI Lives Up to Expectations; AAC TECH, BYD ELECTRONIC, SUNNY OPTICAL, TSMC, Others to Be iPhone Beneficiaries
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
<Research>CMS Expects SUNNY OPTICAL (02382.HK) Handset Biz Recovery to Beat Expectations, Initiates Rating at Overweight
CMS released a research report judging that the smartphone terminal recovery, and optical imaging upgrade trend like large image size/ periscope in 2024 will drive SUNNY OPTICAL (02382.HK) 's cell phone product shipments, while average product price and gross profit margin will also increase, according to recent industrial chain tracking and the Company's product shipment data.
In 1H24, handset lenses and camera module business availability has returned to normal levels, and the recovery rate is expected to exceed the previous official guidance.
Related News: CICC Keeps Watching SUNNY OPTICAL (02382.HK) Optical Industrial Chain Valuation Repair Opportunity
In the medium to long term, CMS was optimistic about the growth potential of SUNNY OPTICAL's new overseas handset customers, car lens and XR area, with particular emphasis on the elasticity of growth in AR, which is the focus of its R&D this year, in the next 3 years.
CMS initiated coverage on SUNNY OPTICAL, with rating at Overweight, and expected the Company's 2024-2026 total revenue to be RMB37 billion/ RMB41.9 billion/ RMB47.4 billion.
Net profit attributable to the parent company for 2024-2026 is also expected to be RMB1.9 billion/ RMB2.4 billion/ RMB3 billion, corresponding to EPS of RMB1.84/ RMB2.32/ RMB2.83 and a projected PE ratio of 24.1x/ 19.1x/ 15.6x of the current share price.
Related News: Macquarie: Apple AI Lives Up to Expectations; AAC TECH, BYD ELECTRONIC, SUNNY OPTICAL, TSMC, Others to Be iPhone Beneficiaries
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
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Re: Sunny Optical 2382
by winston » Wed Jun 19, 2024 12:11 pm
not vested
<Research>CLSA: SUNNY OPTICAL Slightly Adds 2024 Global Smartphone Sales Forecast, Expands Edge AI Product Lineup
CLSA noted in a research report that SUNNY OPTICAL (02382.HK) held its annual investor day yesterday (18 June).
The company raised its global smartphone sales growth forecast from 1.8% to 3.5% this year, and lowered its mainland smartphone sales growth forecast from 1.1% to 0.4%.
The broker believed that the artificial intelligence mobile phone thesis and a more positive smartphone market outlook are positive drivers of SUNNY's performance and that of the industry as a whole.
CLSA forecasted that updates in edge AI and a more positive outlook for the smartphone industry will continue to be positive drivers for SUNNY's share price.
The broker therefore gave a target price of $49.75 for SUNNY and rated it Buy.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>CLSA: SUNNY OPTICAL Slightly Adds 2024 Global Smartphone Sales Forecast, Expands Edge AI Product Lineup
CLSA noted in a research report that SUNNY OPTICAL (02382.HK) held its annual investor day yesterday (18 June).
The company raised its global smartphone sales growth forecast from 1.8% to 3.5% this year, and lowered its mainland smartphone sales growth forecast from 1.1% to 0.4%.
The broker believed that the artificial intelligence mobile phone thesis and a more positive smartphone market outlook are positive drivers of SUNNY's performance and that of the industry as a whole.
CLSA forecasted that updates in edge AI and a more positive outlook for the smartphone industry will continue to be positive drivers for SUNNY's share price.
The broker therefore gave a target price of $49.75 for SUNNY and rated it Buy.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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