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Sunny Optical delivered a mixed set of results in 1H 2021, which explains why its share price has been relatively flat in the past week after its earnings release.
The average selling prices for its handset-related products could decline further in the short term while the automotive business has the potential to be a significant medium-to-long term growth driver.
Sunny Optical currently trades at consensus forward FY 2021 and FY 2022 normalized P/E multiples of 34.9 times and 28.3 times, respectively.