Sunny Optical Technology Group (2382) Earnings: May Handset Lens Sets Hit 103.53M, Strong Analyst Ratings

Sunny Optical Technology Group on Smartkarma

Independent analysts on Smartkarma, such as Trung Nguyen and Leonard Law, CFA, are providing valuable insights on Sunny Optical Technology Group. In a recent report by Lucror Analytics, Sunny Optical’s FY 2023 results were slightly weak but in line with expectations. Despite a 4.6% y-o-y decline in revenue to CNY 31.7 bn, mainly due to lower handset-related product shipments, the company’s financial risk profile and liquidity remain healthy, supported by a large net cash position. Analysts anticipate a stabilisation in the industry operating environment, with positive revenue and earnings growth projected for FY 2024.

Additionally, Leonard Law, CFA, shared a Morning View on Sunny Optical Technology Group, focusing on fundamental credit analysis and trade recommendations. The report provides insights on key company-specific developments and market indicators to help investors navigate the high yield issuer landscape in the region. Sunny Optical’s outlook appears positive, with indications of a recovery in the smartphone market as evidenced by consecutive months of double-digit shipment volume growth. Analysts foresee a continued upward trend in shipments and anticipate revenue and earnings growth in FY 2024 for Sunny Optical Technology Group.

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

Based on the Smartkarma Smart Scores, Sunny Optical Technology Group has a mixed long-term outlook. While the company scores well on resilience, with a score of 4 indicating strong ability to withstand market fluctuations, its scores for value, dividend, growth, and momentum are moderate to low. This suggests that Sunny Optical Technology Group may have stable performance over time but might face challenges in terms of growth and market momentum.

Sunny Optical Technology Group Co., Limited is a company that specializes in designing and manufacturing optical and optical related products. Their product range includes glass/plastic lenses, prisms, mobile phone camera modules, microscopes, surveying instruments, and other analytical instruments. With a strategic focus on optical technology, the company plays a significant role in supplying essential components for various industries requiring optical solutions.

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