Standard Chartered: Give SUNNY OPTICAL a "buy" rating with a target price raised to 106 Hong Kong dollars.
DBS believes that the increase in funds flowing into the artificial intelligence value chain due to DeepSeek's enhancement of AI smartphones will drive a reevaluation of Sunny Optical Technology.
DBS released a report stating that SUNNY OPTICAL (02382) has been rated as a "buy" with a target price raised from 80 Hong Kong dollars to 106 Hong Kong dollars. DBS believes that the increase in funding into the artificial intelligence value chain driven by DeepSeek's enhancement of AI smartphones has prompted a re-evaluation of SUNNY OPTICAL.
The report mentioned that benefiting from the industry upturn, DBS has raised the profit forecasts for SUNNY OPTICAL for the fiscal years 2025 and 2026 by 5.2% and 8.6% respectively; due to accelerated growth in the smart phone industry sales, DBS has also raised the revenue forecasts for SUNNY OPTICAL for the fiscal years 2025 and 2026 by 5.1% and 7.6% respectively. Additionally, due to the increased contribution of high-quality smartphones to the industry, the gross profit margin forecasts for 2025 and 2026 have been increased by 3.5 and 3.3 percentage points respectively, leading to profit growth of 8.8% and 15.6% for 2025 and 2026 respectively.
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