HSBC Research Raises SUNNY OPTICAL TP to HKD86.9, New Business Opportunities Not Fully Priced In
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HSBC Research has raised the target price for SUNNY OPTICALfrom HKD84.3 to HKD86.9, maintaining a Buy rating. The company's share price has rebounded by 21% following a 12.9% YoY revenue growth, driven by expansion in smartphones, automotive, and IoT segments. Despite the positive outlook, new business opportunities are not fully reflected in the current share price. The forecast P/E ratio for 2026 is 15x, attractive compared to historical and industry averages.
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