Shunyu Optics (02382) rebounded and rose by more than 7%. As of press time, it rose 7.98 to HK$37.2 million, with a turnover of HK$462 million.
The Zhitong Finance App learned that Sunyu Optics (02382) rebounded and rose more than 7%. As of press time, it rose 7.98 to HK$37.2, with a turnover of HK$462 million.
According to the news, Sunyu Optical Technology previously announced that in March, mobile phone lens shipments were about 113 million pieces, up 33.7% year on year; car lens shipments were 8.432 million pieces, up 17% year on year; mobile phone camera module shipments were 41.89 million pieces, up 15.1% year on year. According to the announcement, the increase in mobile phone product shipments is mainly due to the low demand base of the smartphone market during the same period last year. The increase in vehicle lens shipments is mainly due to the increase in market share.
According to Citibank's research report, Shunxu Co., Ltd., the largest shareholder holding 35.48% of the company's shares, signed an equity lead option deal with UBS Group, involving 44.57 million shares, accounting for about 4% of tradable shares. Shunwook did not announce the reason for the transaction. Citi predicts that it may be due to its own financing needs rather than a change in its shareholding position. It will wait for Sunyu Optics to make further announcements about the incident. The bank gave a “buy” rating, with a target price of HK$63.5, corresponding to about 30 times the projected price-earnings ratio in 2024. This mainly reflects the recovery in profits brought about by the Periscope lens upgrade, the improvement in the gross margin of mobile phone lenses, and further growth in the automotive/XR business.