CMB: Sheng Shunyu Optical Technology (02382.HK) Target Price Raised to HK$75, First-Half Profit Exceeds Expectations

According to the Wise Financial APP, JPMorgan released a research report stating that it maintains a "neutral" rating on Sunny Optical Technology Group (02382.HK) because it has a more conservative view on the growth potential of its future smartphone business due to its lower share in high-end projects, while other new businesses (such as robots) will take longer to make more substantial contributions. The bank has raised Sunny Optical's earnings forecasts for 2025 and 2026 by 19% and 10% to RMB 3.2 and RMB 3.4 respectively, reflecting stronger smartphone profit margin improvements, with the target price raised from HK$65 to HK$75.