JP Morgan lowered the target price for SUNNY OPTICAL to 63 yuan, rating it as "Neutral."

AASTOCKS
2026.04.01 03:35

JP Morgan published a research report stating that SUNNY OPTICAL (02382.HK) management expects that due to the recent positive outlook and stable increase in average selling prices, the growth of the smartphone business in 2026 will exceed expectations. The firm believes that the company will benefit from the continuous optimization of its product portfolio and customers' upgrades to high-end model lens specifications.

Given the positive performance guidance, stable growth in the automotive business, and sustainable growth in gross margins, which offset the decline in the extended reality (XR) business, the firm continues to forecast that SUNNY OPTICAL's revenue and profit will grow in 2026.

The firm has lowered its operating profit forecasts for the company by 6% and 8% for this year and next year, respectively, and reduced the target price from HKD 75 to HKD 63, maintaining a "Neutral" rating

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