On June 12, Sunny Optical Technology rose 3.03% in regular trading, trading at 74.15 HKD/share, with turnover of 169 million HKD. The stock is rebounding after a sharp correction exceeding 13% from recent highs driven by a major customer reportedly cutting smartphone component procurement by approximately 30%.
On the news front, prominent analyst Ming-Chi Kuo recently highlighted several positive trends for the company: winning a variable aperture lens order for the new iPhone 18 Pro/Pro Max with a supply share of 40-50% and ASP 50% higher than standard 7P lenses; securing optical component NPI orders for OpenAI devices; preparing CPO/silicon photonics coupling component samples for AI servers; and becoming a new Apple CCM supplier for MacBook Neo with shipment forecasts doubled to 10 million units. Additionally, Apple's WWDC visual intelligence upgrade is expected to drive further demand for high-end optical components from upstream suppliers including Sunny Optical.
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