On August 31, SUNNY OPTICAL rose 3.25% in regular trading, trading at 69.45 HKD/share, with turnover of 263 million HKD. The rally was driven by a combination of Citi's target price upgrade and continued market digestion of the company's solid interim results.

Citi recently raised its target price on SUNNY OPTICAL from 88 HKD to 94 HKD, maintaining a \"Buy\" rating. The investment bank noted that management has secured large-scale AR product orders from a leading client, with meaningful incremental revenue contribution expected from 2027 onward. Citi also highlighted that management guided for at least 7% year-on-year growth in both full-year total revenue and net profit, with XR business revenue set to exceed 2 billion RMB and IoT-related revenue projected to grow approximately 50%.

The company disclosed its interim results on August 26, reporting H1 revenue of 21.906 billion RMB, up 11.5% year-on-year, and net profit attributable to shareholders of 1.808 billion RMB, up 9.9%. XR product revenue reached 956 million RMB with 11% growth, while other product segments surged 88.5%. UBS previously raised its stake to 6.02%, adding to bullish institutional signals.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)