＜Research＞UBS: SUNNY OPTICAL Positive Profit Report Beats, Positive Shr Price Reaction Expected

　　SUNNY OPTICAL (02382.HK) -3.050 (-6.321%) Short selling $99.31M; Ratio 19.010% issued a positive profit report, forecasting profit growth in 1H24 mainly due to a recovery in the handset market and a better product mix that led to an increase in shipment and ASP with better margins, according to a research report from UBS.

　　The company expected its interim profit to be in the range of RMB1.048 billion to RMB1.092 billion, much higher than the market's expectation of RMB859 million, but in line with UBS's forecasts. Its share price was expected to react positively.

　　The broker gave SUNNY OPTICAL a Buy rating with a TP of $77.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-19 16:25.)