Country Daily

报告摘要

At the non-deal roadshow for Sunny held in Taipei from 22-23 September, interests primarily focused on emerging businesses such as optical interconnect components, XR and Pan-IoT, although concerns about the dwindling smartphone market remain prominent. Management’s guidance remains upbeat, expecting the fast-growing AI-driven emerging businesses and share gains to offset headwinds from the smartphone market through 2027. Maintain BUY and target price of HK$106.00, pegged to 21.1x 2027F PE.