Sunny Optical Is Emerging as Asia's Hottest Stock
This article is for subscribers only.
A Chinese smartphone lens maker is emerging as Asia’s hottest stock as buoyant sales and relative immunity to a trade war supercharges its shares.
Sunny Optical Technology Group Co. has surged 61 percent in 2018, surpassing Momo Inc. to be top performer on the MSCI Asia Pacific Index. Analysts are turning increasingly adoring, raising the consensus target price by 25 percent in the past month, the biggest hike among more than 2,000 stocks in Hong Kong tracked by Bloomberg.