Suning's mobile phone camera shipments in September increased by 6.3% annually and decreased by 4.3% monthly.
SUNCORPORATION (02382.HK) announced that the shipment volume of mobile phone lenses in September was approximately 0.119 billion units, an increase of 6.3% year-on-year, a decrease of 4.3% month-on-month. The shipment volume of mobile phone camera modules was 36.771 million units, a decrease of 29.6% year-on-year, a decrease of 7.2% month-on-month. In addition, the shipment volume of onboard cameras was 9.314 million units, an increase of 12.7% year-on-year, an increase of 10.4% month-on-month.
Daiwa: Sunny Optical upgraded to a "shareholding" rating, with target price raised to HK$72.
Citi expects Largan to reveal strong performance in the third quarter in November and suggests that investors take the opportunity to exit profitably and switch to Sunny Optical.
Sunny Optical Technology Sees Rise in Optical Component, Optical Instrument Shipments in September
[Hong Kong Stock Connect] sunny optical (02382) shipped 36.771 million mobile camera modules in September, a year-on-year decrease of 29.6%.
King's Financial News | sunny optical (02382) announced that in September 2024, the shipment volume of automotive lenses was 9.314 million pieces, an increase of 10.4% compared to the previous month and an increase of 12.7% year-on-year, mainly due to increased demand from customers; the shipment volume of mobile camera modules was 36.771 million pieces, a year-on-year decrease of 29.6%, mainly because the company focuses on mid-to-high-end projects, and the product structure has significantly improved compared to the same period last year; the shipment volume of mobile lenses was 0.119 billion pieces, a decrease of 4.34% compared to the previous month.
Express News | SUNNY Optical Technology: The shipment volume of mobile phone lenses in September is 0.119 billion.
Daiwa: Sunny Optical rated as 'shareholding', target price raised to HK$72.
Morgan Stanley released a research report stating a 'shareholding' rating for Sunny Optical (02382), with its target price raised from HK$59 to HK$72. Largan Precision achieved a revenue of up to 7 billion NTD in August, but experienced a decline in September. This indicates that the positive impact of its periscope business has been largely reflected. Therefore, it is estimated that there may be fewer positive surprises in the company's future, leading to a target price revision from 3800 NTD to 2800 NTD, and a rating downgrade from 'shareholding' to 'in line with the market'. The bank also anticipates that Largan Precision's performance in the third quarter to be disclosed in November will be good, advising investors to take the opportunity to profit and exit.