Citigroup's report pointed out that on the Investor Day held by Sunny Optical (02382.HK) on the 18th, the management expects that the share of high-end mobile phone products will further increase, partly due to the increase in its share among international customers, which will support the company's performance in gross profit and product prices this year. In addition, Sunny Optical aims to maintain its position in the field of onboard cameras and increase its business portfolio related to onboard by expanding its customer base to increase its market share in onboard module.

The bank mentioned that investors also inquired about edge AI opportunities, including mobile phones, automobiles, and robots. The bank recommends buying Sunny Optical with a target price of 63.5 yuan and a corresponding 2024 P/E ratio of about 30 times.