On June 19th, Lyon released a research report, pointing out that Shun Yu held its annual investor day on June 18th and raised its global smart phone sales growth forecast for this year from 1.8% to 3.5%; mainland smart phone sales growth forecast was lowered from 1.1% to 0.4%. The company also believes that the theory of artificial intelligence phones and more positive prospects for the smart phone market are positive driving forces for Shun Yu and the entire industry. Lyon believes that updates in Edge Artificial Intelligence (Edge AI) and more positive prospects for the smart phone industry will continue to be positive driving factors for Shun Yu's stock price. Therefore, the bank has set Shun Yu's target price at HKD 49.75 and rated it as "buy".
大行评级｜里昂：舜宇微升今年全球智能手机销售预测 予其目标价49.75港元
According to Lyon's rating, the global sales of smart phones will rise this year, and its target price is set at HKD 49.75.
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