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<Research>HSBC Research Lifts SUNNY OPTICAL (02382.HK) TP to $86.9 as New Biz Opportunities Not Fully Reflected
Recommend 6 Positive 13 Negative 7 |
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After SUNNY OPTICAL (02382.HK) announced its 2025 results, its share price has rebounded by 21%, outperforming the HSCEI over the same period, mainly attributable to the Company's 12.9% YoY revenue growth last year, with business expansion in smartphone, auto and IoT segments, HSBC Global Research issued a research report saying. Gross margin increased by 1.4 ppts YoY to 19.7%. Full-year net profit was in line with guidance, with core profit rising 38% YoY. The broker believed that, although commercialization progress may take time, opportunities from new businesses have not yet been fully reflected in the current share price. The projected PE ratio for 2026 is 15x, which is attractive compared with its historical average of 24x and the industry average of 19x. Therefore, the broker lifted its target price from $84.3 to $86.9, with rating kept at Buy. Auto-translated by AI AASTOCKS Financial News |
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