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BUZZ-Sunny Optical falls as April handset camera module shipments drop

Reuters
May 13, 2025
BUZZ-Sunny Optical falls as April handset camera module shipments drop

** Shares of Sunny Optical Technology Group Co Ltd 2382.HK fall 7.4% to HK$68.5, on course for the biggest one-day pct decline since April 7

** Top pct loser in both Hang Seng Tech Index .HSTECH and Hang Seng Index .HSI, which are down 1.7% and 2.9% respectively

** Automotive and mobile phone lenses maker says April shipment volume of its handset camera modules down 14.1% y/y, while handset lens sets shipment volume up 1.3% y/y

** Citi, with a "Buy" rating on the stock, says May shipment is likely flattish MoM

** "We believe today's U.S. and China temporary tariff slash agreement should partially dilute investors' concerns on sluggish consumer electronics demand, slower spec upgrade and price pressure" - Citi

** Stock up 0.2% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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