Sunny Optical May Be at Good Entry Point, CCB Says -- Market Talk

Dow Jones02-01

0405 GMT - Sunny Optical Technology's recent share-price plunge has created a good entry window, CCB International analysts Clint Su and Ke Qu say in a note. Shares in the maker of optical-related products tumbled Wednesday, touching a five-year intraday low on their way to posting the biggest one-day drop since July 2023. The slide came after it warned 2023 profit would fall 50%-55%. The profit decline is likely due to the weaker-than-expected Chinese economic recovery, soft global smartphone demand, industry competition and a specification downgrade trend for smartphone cameras, CCB says. It notes that the worst is likely over for Sunny Optical, adding that 2024 should be a year of recovery. It keeps an outperform rating with a HK$85.00 target on Sunny Optical, partly due to its market share for high-end smartphones. (hoishan.chan@wsj.com)

(END) Dow Jones Newswires

January 31, 2024 23:15 ET (04:15 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2408526404?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-02-01 12:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2408526404","market":"fut","top_or_hot":-1,"title":"Sunny Optical May Be at Good Entry Point, CCB Says -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0405 GMT - Sunny Optical Technology's recent share-price plunge has created a good entry window, CCB International analysts Clint Su and Ke Qu say in a note. Shares in the maker of optical-related products tumbled Wednesday, touching a five-year intraday low on their way to posting the biggest one-day drop since July 2023. The slide came after it warned 2023 profit would fall 50%-55%. The profit decline is likely due to the weaker-than-expected Chinese economic recovery, soft global smartphone demand, industry competition and a specification downgrade trend for smartphone cameras, CCB says. It notes that the worst is likely over for Sunny Optical, adding that 2024 should be a year of recovery. It keeps an outperform rating with a HK$85.00 target on Sunny Optical, partly due to its market share for high-end smartphones. (hoishan.chan@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 31, 2024 23:15 ET (04:15 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sunny Optical May Be at Good Entry Point, CCB Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSunny Optical May Be at Good Entry Point, CCB Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-01 12:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0405 GMT - Sunny Optical Technology's recent share-price plunge has created a good entry window, CCB International analysts Clint Su and Ke Qu say in a note. Shares in the maker of optical-related ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0588545490.SGD","symbol_name":"Eastspring Investments - Asian Equity Income AS SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2408526404","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2408526404","pubTimestamp":1706760900,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0405 GMT - Sunny Optical Technology's recent share-price plunge has created a good entry window, CCB International analysts Clint Su and Ke Qu say in a note. Shares in the maker of optical-related products tumbled Wednesday, touching a five-year intraday low on their way to posting the biggest one-day drop since July 2023. The slide came after it warned 2023 profit would fall 50%-55%. The profit decline is likely due to the weaker-than-expected Chinese economic recovery, soft global smartphone demand, industry competition and a specification downgrade trend for smartphone cameras, CCB says. It notes that the worst is likely over for Sunny Optical, adding that 2024 should be a year of recovery. It keeps an outperform rating with a HK$85.00 target on Sunny Optical, partly due to its market share for high-end smartphones. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","OCC":"Optical Cable Corporation","BK1608":"元宇宙概念","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0431992006.USD":"摩根大通新兴市场机会A（acc）","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","BK1589":"北水核心资产","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","SG9999002828.SGD":"Eastspring Investments Unit Trusts - Dragon Peacock A SGD","LU1720050803.USD":"安联全方位中国股票基金","02382":"舜宇光学科技","BK1231":"综合性银行","BK1560":"内银股","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","IE00BQJZWZ67.USD":"FRANKLIN MV ASIA PACIFIC EX JAPAN EQUITY GROWTH AND INCOME \"A\" (USD) INC (M) PLUS","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","BK4020":"通信设备","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","CCB":"Coastal Financial Corp","BK1504":"苹果概念","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU1044876610.USD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"ZU\" (USD) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","00939":"建设银行","03143":"华夏香港银行股","LU1642822792.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"A\" (SGD) ACC","BK1521":"挪威政府全球养老基金持仓","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","IE00BWDBJ730.SGD":"Legg Mason QS - MV Asia Pacific ex Japan Equity Growth and Income A Mdis SGD-H Plus","BK1610":"ETF&股票定投概念","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","IE00B19Z5X02.USD":"Legg Mason QS - MV Asia Pacific ex Japan Equity Growth and Income A Acc USD","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","LU0868486357.SGD":"JPMorgan Funds - Emerging Markets Opportunities A (acc) SGD-H","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0359201612.USD":"贝莱德中国基金A2","LU1044875133.USD":"天利亚洲反向股票 AU Acc","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","BK1170":"电子元件"},"translate_title":"建行称，舜宇光学可能处于良好的切入点——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00939":1,"OCC":1,"CCB":1,"02382":0.9,"03143":0.6},"content_text":"0405 GMT - Sunny Optical Technology's recent share-price plunge has created a good entry window, CCB International analysts Clint Su and Ke Qu say in a note. Shares in the maker of optical-related products tumbled Wednesday, touching a five-year intraday low on their way to posting the biggest one-day drop since July 2023. The slide came after it warned 2023 profit would fall 50%-55%. The profit decline is likely due to the weaker-than-expected Chinese economic recovery, soft global smartphone demand, industry competition and a specification downgrade trend for smartphone cameras, CCB says. It notes that the worst is likely over for Sunny Optical, adding that 2024 should be a year of recovery. It keeps an outperform rating with a HK$85.00 target on Sunny Optical, partly due to its market share for high-end smartphones. (hoishan.chan@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 31, 2024 23:15 ET (04:15 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2408526404"}