On August 19, SUNNY OPTICAL fell 3.06% in regular trading, trading at HK$58.1/share, with turnover of HK$126 million. The decline followed a 4%+ rally the previous session.
On the news front, reports emerged that the Trump administration publicly pressured Apple to abandon procurement of Chinese-made memory chips, dampening sentiment across the Apple supply chain. SUNNY OPTICAL, as a key optical component supplier to the iPhone ecosystem, faced selling pressure amid concerns over potential disruption to China-based tech suppliers. The Electronic Components sector saw broad weakness, with CCTC down 4.8%, VGT down 4.06%, KB LAMINATES down 3.05%, LENS down 3.0%, and KINGBOARD HLDG down 2.38%.
The company is scheduled to report its interim results on August 26, with no market consensus estimates currently available. Multiple institutions including UBS and JPMorgan have recently maintained elevated long positions in the stock.
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