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<Research>Citi Quotes SUNNY OPTICAL: Aiming to Stand Among Top 3 Global Automotive Lens Module Suppliers in Next 3-5 Yrs
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According to a research report by Citi, SUNNY OPTICAL (02382.HK) held an investor day yesterday, and the broker cited the company's management as predicting that global demand for automotive lenses will increase by 26% YoY to over 400 million units by 2025 on the development of smart driving in China. In addition, the management expects the company to further expand its market share and become one of the top three global suppliers of automotive lens modules in the next 3-5 years, with overseas revenue share rising from the current around 10% to 35% in the next three years. Citi set its target price for SUNNY OPTICAL at HKD98 with a Buy rating. AAStocks Financial News |
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