Sunny Optical Technology Group (2382) Earnings: June Handset Lens Set Shipments Reach 108.83M

Sunny Optical Technology Group on Smartkarma

Analyst coverage of Sunny Optical Technology Group on Smartkarma has provided valuable insights into the company’s performance. According to the report by Trung Nguyen titled “Sunny Optical – Earnings Flash – FY 2023 Results” from Lucror Analytics, the company’s FY 2023 numbers were weak but met expectations. Despite a 4.6% y-o-y revenue decline to CNY 31.7 billion, mainly due to decreased handset product shipments, the company maintained a healthy financial risk profile supported by a strong net cash position. The report also highlights a positive outlook, with expectations of revenue and earnings growth in FY 2024, supported by a recovery in the smartphone market.

Furthermore, Leonard Law, CFA, shared insights in the report “Morning Views Asia: Sunny Optical Technology Group” from Lucror Analytics. The report provides fundamental credit analysis and trade recommendations based on recent company-specific developments. With a bullish sentiment, the analysis indicates a stable operating environment and continuous growth potential for Sunny Optical. These reports offer investors a comprehensive view of Sunny Optical’s performance and prospects in the market.

A look at Sunny Optical Technology Group Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Investment analysts utilizing the Smartkarma Smart Scores have provided insights into the long-term outlook for Sunny Optical Technology Group. With a diverse product line that includes glass/plastic lenses, prisms, mobile phone camera modules, microscopes, and surveying instruments, Sunny Optical Technology Group Co., Limited has established itself as a key player in the optical and optical-related products market.

Assessing the company’s overall outlook based on Smart Scores, Sunny Optical Technology Group received a solid rating for resilience, indicating its ability to withstand market fluctuations and challenges. While the scores for value, dividend, and growth were moderate, suggesting room for improvement in these areas, the company’s momentum score was also on the lower side. Investors may consider Sunny Optical Technology Group as a potential long-term investment with a focus on its resilience in the market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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