Yamashita: Downgrades Sun Uk Optical Technology (02382.HK) target price to HK$72 and reiterates "outperform" rating.

According to Wisdom Financial APP, Daiwa has released a research report stating that Shun Yu Optical Technology (02382.HK) has slightly raised its earnings per share forecast for this year to reflect improving profit margins. However, short-term risks in the mobile phone sector have led to a downward revision of Shun Yu's target price-to-earnings ratio from 28 times to 25 times, with the corresponding target price dropping from HK$85 to HK$72. The "outperform the market" rating is reiterated.