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<Research>Nomura Downgrades SUNNY OPTICAL & Q TECH w/ Adjusted TPs; 2026 Global Smartphone Shipments May Sink 7% Max.
Recommend 34 Positive 66 Negative 32 |
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Nomura has issued a research report predicting global smartphone shipments to decrease by 0-7% YoY in 2026, given that rising memory costs may hike retail prices and suppress market demand to some extent. In addition, China's domestic mobile phone subsidy policy has become ineffective since mid-2025 due to weak terminal demand, while some handset manufacturers' failure to ensure sufficient memory supply may also shrink shipments in 2026. Nomura downgraded SUNNY OPTICAL (02382.HK) from Buy to Neutral and axed its target price from HKD102 to HKD60. Q TECH (01478.HK)'s rating was also downgraded from Buy to Underweight, but its target price was lifted from HKD5 to HKD7.1. Both of them are estimated to see a YoY decline in earnings in 2026. AAStocks Financial News |
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