Nomura: Maintains a "Buy" rating on SUNNY OPTICAL (02382) with a target price raised to 102 Hong Kong dollars.

Nomura released a research report stating that it maintains a "buy" rating on SUNNY OPTICAL (02382), assuming that under the drive of the new CEO this year, the company's operations will be further improved. Therefore, the profit momentum this year is expected to continue to rise, with the company's profit forecast for this year being raised by 20% and the target price being raised from HKD 68 to HKD 102. The report cited the company's joy in predicting that the net profit for last year will reach between 2.639 billion and 2.749 billion RMB, an increase of 1.4 to 1.5 times year-on-year, higher than the bank's expectation of around 2.5 billion RMB, mainly due to the improvement in the gross profit margin of the cellphone camera module (CCM) and cellphone lens (HLS), even though its shipment growth did not exceed the company's previous guidance.