Citi expects that Sunyu Optics' automotive lens shipments in April may increase by 8 to 8.5 million units over the same period last year.
The Zhitong Finance App learned that Citi released a research report stating that it gave Shunyu Optics (02382) a “buy” rating, and the target price was HK$63.5. The company announced the shipment volume for March after the market closes on April 9. Among them, shipments of mobile phone lenses and car lenses are in line with expectations; mobile camera modules are lagging behind, but shipments are expected to pick up this month due to new product models. Citi expects that due to Europe and Japan being on track and local NEV sales rebounding, automotive lens shipments in April may increase by 8 to 8.5 million units over the same period last year.