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UBS has downgraded Sunny Optical Technology Group from Buy to Sell, lowering its price target to HK$67.00, citing high valuation and concerns over demand sustainability amid macroeconomic risks. Despite strong fundamentals and a positive profit alert, analysts believe the stock's current price reflects already priced-in developments and aggressive earnings growth forecasts may be unrealistic. Other firms have varied outlooks, with BofA Securities and Citi maintaining Buy ratings but adjusting price targets, while Jefferies has adopted a Hold rating due to weak smartphone demand.
UBS has downgraded Sunny Optical Technology Group from "buy" to "sell," lowering its price target to HK$67.00, citing overextended stock valuation and concerns over future earnings amid macroeconomic risks. Despite strong fundamentals and a significant stock return, analysts question the sustainability of demand and the realism of aggressive EPS growth forecasts.In contrast, BofA Securities and Citi maintain "buy" ratings with higher price targets, highlighting growth potential in the automotive sector and camera modules, while Jefferies has lowered its target to HK$85.00, expressing caution over smartphone demand and growth prospects.
Chinese technology stocks faced a notable decline on March 25, 2025, with the Hang Seng Tech Index dropping 3.8% and nearly 9% since its peak on March 18. Xiaomi Corp's shares fell over 6% due to a US$5.5 billion share placement, raising liquidity concerns, while Alibaba's stock dropped more than 3% amid warnings of a potential bubble in data center construction. Sunny Optical Technology Group experienced a nearly 9% decline after signaling market restructuring due to excess capacity, prompting increased caution among investors in the sector.
The HSI rose 365 points (1.9%) to 20,066, while the HSTI gained 142 points (3.1%) to 4,657, with market turnover reaching $159.81 billion. Notable performers included SUNNY OPTICAL, which surged over 7%, and several stocks like XIAOMI, ICBC, and HSBC HOLDINGS hitting new highs. Active heavyweights included TENCENT and HKEX, both up 2.5%.
Sunny Optical Technology (Group) Co Ltd
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