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In a report released on August 21, analysts at Citi highlighted that upcoming tech product launches, notably Meta Connect's latest technology event and Apple's anticipated iPhone release, are poised to inject fresh growth impetus into Sunny Optical Technology (02382.HK). Consequently, Citi maintains a short-term optimistic outlook on the stock. Sunny Optical Technology is currently benefiting from the widespread adoption of multi-camera upgrades in edge AI devices and the rapid integration of advanced driver assistance systems (ADAS) in automobiles. Projections indicate that the company's net profit is anticipated to achieve a compound annual growth rate (CAGR) of 23% between 2025 and 2027. In light of these projections, Citi has revised upwards the target price for Sunny Optical Technology from HK$98.00 to HK$103.00, while reinforcing its "Buy" recommendation.
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