Goldman Sachs: Raise Sunway Optoelectronics Technology target price to 83.1 Hong Kong dollars, maintain "neutral" rating.

Goldman Sachs released a research report stating that Sunny Optical Technology's mobile lens shipment volume increased by 1% annually, while camera module shipment volume decreased by 14% and automotive lens shipment increased by 29%. The shipment volume in the first four months reached 65%, 73%, and 58% of the bank's previous forecast for the first half of the year. The bank maintains a "neutral" rating for the group, with a target price raised from HK$79.9 to HK$83.1. Taking into account the latest shipment volumes, the bank has raised profit forecasts for Sunny Optical Technology for 2025 to 2027 by 4%, 3%, and 3%; due to the shift in product mix to higher-profit automotive lenses, the bank has adjusted the gross margin forecasts for the group for 2025 to 2027 by 0.4, 0.2, and 0.2 percentage points.