Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Trims SUNNY OPTICAL (02382.HK) TP to $63.5, Slightly Drops Rev. Forecasts
Recommend 9 Positive 14 Negative 15 |
||||
|
||||
|
SUNNY OPTICAL (02382.HK)'s August handset lens shipments increased by 15% YoY to 124 million units, compared to 54% YoY incline recorded by LARGAN Precision in the same period, Goldman Sachs issued a research report saying. SUNNY OPTICAL's camera module fell 25% YoY to 40 million units, compared to 1% YoY growth of Q TECH (01478.HK) in the same period. Goldman Sachs lowered its 2024/ 2025 earnings forecasts for SUNNY OPTICAL by 1%, and reduced its revenue forecasts by 1%/ 2% each, mainly due to lower camera module shipments. Goldman Sachs also dropped its 2025 PE ratio forecast for the Company from 23.9x to 23.3x, and trimmed its target price from $65.8 to $63.5. The broker remained cautious on the fierce competition in the camera market, and expected the Company's blended gross profit margin to stabilize at 17-18% from 2024 to 2026, with rating kept at Neutral on the Company. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
