As reported by the Asia Vets APP, Goldman Sachs released a research report stating that the target price of sunny optical (02382) has been raised by 5.2%, from 63.5 Hong Kong dollars to 66.8 Hong Kong dollars, maintaining a "neutral" rating. Taking into account the company's November shipment volume, the bank has raised profit forecasts for 2024-2026 by 5%/5%/3%, with a 0.1/0.1/0.4 percentage point increase in gross margin forecast for 2024-2026, while the operating expense ratio forecast has been reduced by 0.1/0.3/0.1 percentage point.

The bank pointed out that sunny optical's November shipments of mobile lenses and camera modules remained weak, with mobile lens shipments down 6% year-on-year to 0.111 billion pieces, slightly better than peers. During the same period, camera module shipments decreased by 28% year-on-year to 37 million units. Vehicle lenses increased by 10% year-on-year to 8 million units. Management has slowed down the shipments of lenses and camera modules, attributing it to the company's renewed focus on medium- to high-end smart phone projects with higher average selling prices, while the weak performance of vehicle lenses is attributed to customer inventory control.