Daiwa: Raising the target price of Shunyu Optical Technology (02382) to HK$73, reaffirming the “outperform the market” rating

The Zhitong Finance App learned that Daiwa released a research report stating that it raised the target price of Shunyu Optics (02382) from HK$72 to HK$73, reaffirming the “outperforming the market” rating; and raised the profit forecast for 2026 to 2027 by 21% to 27%. According to the bank, the profit forecast was raised to reflect revenue growth and cost control execution in the first half of the year; the bank's profit forecast per share for Shunyu Optics' 2026 to 2027 was 2% to 6% higher than the market, mainly due to optimistic revenue growth prospects. According to the bank, Sunyu Optics' revenue increased 11% in the first half of the year, driven by the automotive, XR and pan-IoT businesses, benefiting from strong growth in major overseas customer businesses. Management expected annual revenue to remain the same year over year. On the XR business side, management expects revenue growth to accelerate in 2027.