Changes in Hong Kong stocks | Shunyu Optical Technology (02382) fell more than 3% in September, mobile phone camera module shipments fell nearly 30% year on year

The Zhitong Finance App learned that Sunyu Optical Technology (02382) fell by more than 3%. As of press release, it was down 2.92% to HK$49.9, with a turnover of HK$350 million.

According to the news, Sunyu Optical Technology recently announced that in September 2024, shipments of mobile phone lenses were about 119 million pieces, a decrease of 4.3% month-on-month and an increase of 6.3% year-on-year; vehicle lens shipments were 9.314 million, up 10.4% month-on-month and 12.7% year-on-year. Mobile phone camera module shipments were 36.771 million pieces, down 7.2% month-on-month and 29.6% year-on-year.

Morgan Stanley released a research report saying that due to seasonal factors, the bank expects the company's shipments to decline quarterly in the fourth quarter, but believes that the company will still be able to meet its shipment targets. Maintain the “gain” rating for Sunyu Optical Technology, with a target price of HK$72.