SUNNY OPTICAL's stock price soared 5.02% during intraday trading on Thursday, marking a significant upward movement for the optical technology company.
The surge appears to be driven by multiple positive factors. The movement represents a technical rebound after the stock had previously declined more than 8% over consecutive sessions. Fundamentally, Citi's recent industry research report noted that Apple's latest iPhone inventory plan has been revised upward and Chinese market demand is improving, suggesting core hardware supply chain names like Sunny Optical will benefit from both restocking and valuation recovery.
Further supporting the positive sentiment, Chengdu Guangming signed a new strategic cooperation agreement with Sunny Optical earlier this month, covering deep supply chain collaboration and joint development of core technologies. Additionally, the company's chairman stated that revenue from major overseas clients is expected to achieve over 100% growth this year as the group pushes toward its sales targets.