Jefferies raises Sunny Optical Technology's rating to Buy, target price lowered to HKD 80.

On April 14, Jin10 reported that Jefferies released a report estimating that Trump’s reciprocal tariffs would have a limited impact on Sunny Optical Technology (02382.HK) due to its low exposure to the U.S. market. Nonetheless, affected by the overall market’s bearish sentiment, Sunny’s stock price has significantly fallen since the announcement of the tariffs. Therefore, the relaxation of reciprocal tariffs on consumer electronics on April 11 may provide a breathing opportunity. The report pointed out that Sunny is currently trading at a forecasted price-to-earnings ratio of 19 times for 2025 and 16 times for 2026, which is over one standard deviation lower than its long-term 1-year forward price-to-earnings ratio, making the risk-return more attractive. As a result, the rating was upgraded from hold to buy, and the target price was revised down from HKD 85 to HKD 80.