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DJ Sunny Optical Earnings May Get Boost From Apple Orders Win -- Market Talk

· 02/04/2021 21:30

0230 GMT - Sunny Optical Technology's earnings growth is likely to be strong this year thanks to the potential Apple orders win and growing trends for intact multicamera in smartphones, Daiwa Capital says. The Japanese bank expects the optical-lenses maker's earnings to grow 35%-39% over 2021-2022 as it capitalizes on Apple's lens supply chain. Daiwa's forecasts for Sunny's 2021-2022 EPS are 5%-14% above consensus as it is more optimistic about long-term benefits from rising multicamera trends. Daiwa maintains a buy call and raises its target price to HK$256 from HK$175. Shares rise 1.8% to HK$220.20. (justina.lee@wsj.com)

(END) Dow Jones Newswires

February 04, 2021 21:30 ET (02:30 GMT)

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