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<Research>BofAS Expects SUNNY OPTICAL (02382.HK) to Accelerate Expansion in Future on Spin-off of Auto-related Biz, Keeps Buy Rating
SUNNY OPTICAL (02382.HK) announced that it is considering a spin-off of its vehicle-related optic business for separate listing, including vehicle lenses and modules, as well as ot...
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<Research>BofAS Expects SUNNY OPTICAL (02382.HK) to Accelerate Expansion in Future on Spin-off of Auto-related Biz, Keeps Buy Rating
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SUNNY OPTICAL (02382.HK)  +2.950 (+5.180%)    Short selling $332.61M; Ratio 53.388%   announced that it is considering a spin-off of its vehicle-related optic business for separate listing, including vehicle lenses and modules, as well as other related products such as LiDAR and head-up displays, according to BofA Securities' research report.

After the spin-off, the entity is expected to continue as a consolidated subsidiary of SUNNY OPTICAL. However, the Company has not yet disclosed the future shareholding ratio.

Related News JPM Lowers TP for SUNNY OPTICAL (02382.HK) to HKD63, Rating 'Neutral'
The broker estimated that its auto business will record RMB7.4 billion in revenue in 2025, accounting for 22% of total revenue. The proposed spin-off suggests that the expansion pace of the auto business may accelerate in the future, especially for camera modules, supported by more substantial domestic and international customer orders.

Therefore, BofA Securities kept rating at Buy, with a target price of $104.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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