Stock Track | Sunny Optical Plummets 5.03% Intraday on Profit-Taking and Weak XR Outlook

Stock Track04-28

SUNNY OPTICAL (02382) shares plummeted 5.03% during intraday trading on Tuesday.

The sharp decline is attributed to profit-taking activity following a significant rally in the previous session after the company released its full-year results. The market is also digesting the fact that the reported net profit included a substantial one-off gain from a share swap transaction. Excluding this item, adjusted profitability was lower. Furthermore, management guidance indicated continued pressure in the XR product segment, with revenue projected to decline.

Despite the sell-off, some analysts remain positive on the stock's long-term prospects, citing high-end product mix upgrades and expansion in the automotive business as potential growth drivers.

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