Haitong International: Upgraded Shun Yu Optical Technology (02382.HK) to "Outperform the Market" with a target price raised to HK$72.1.

According to the Intelligence Finance app, Haitong International released a research report stating that it has upgraded Shunyu Optical Technology (02382.HK) to "outperform the market", with a target price raised to 72.1 Hong Kong dollars, and its profit forecast for 2025 and 2026, respectively raised to 3.34 billion RMB and 4.11 billion RMB. The bank stated that the easing of competitive pressure and improvement in product portfolio are driving Shunyu's average selling price and gross margin increase. In addition to its core smartphone optical business, with the acceleration of global Advanced Driver Assistance Systems (ADAS) / Autonomous Driving (AD) adoption, Shunyu's leading position in AR/XR lenses and automotive camera systems provides significant upside potential.