0753 GMT - Sunny Optical Technology's shares appear undervalued, Morningstar analyst Phelix Lee says, citing the company's exposure to China's expanding global electric-vehicle presence and its early positioning in robotics. The company's sales targets look aggressive, he says, with Sunny Optical estimating at least 7.0% sales growth in 2026 and glass-plastic hybrid lens sales expanding 150%. He expects mid-teens revenue growth in the auto segment over the next five years, driven by China's EV push, which should boost demand for sensors and cameras. Still, Morningstar retains its fair value estimate of HK$73.00, citing the long-dated nature of some of Sunny Optical's new initiatives. Shares rise 7.0% to HK$57.20. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 01, 2026 03:53 ET (07:53 GMT)
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