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Despite worries over potential adverse impact from the Huawei row, SUNNY OPTICAL (02382.HK)'s management maintained the 2019 full-year guidance at the annual reverse road show. The group expected rising shipments to other cellphone OEMs would offset the declining shipments to Huawei.
SUNNY OPTICAL was retained at Buy with a target of $106. The broker projected positive response from investors on the reverse road show, given positive management tone and confidence about the 2019 guidance.
AAStocks Financial News
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