Qucik update on 浙江雙雄

Sunny Optical (2382.HK): Robust results, GPM expansion obvious positive, Jan/Feb shipment better than expected. Question now shares +11% Friday and Monday pre-results and up whopping 69% year to date, how much of positives priced in. Analysts' briefing 10:30-11:30, focus likely on shipment targets, margin guidance, vehicles lens/ADAS strategy etc.; shares may have quite some swings today.

Geely Auto (0175.HK): +16% in past 6 sessions and +68% YTD. I have now trimmed holding to 1/3, which now "封盤". Original target was 12 this year, 15 in 2018 and eventually 20 in 2019, based on company's target of selling 2 million cars in 2020. Shares now surpassed 12 less than 3 months into 2017.

It's quite difficult to resist the urge to take profits with both shares rallying nearly 70% year to date. I've done so and so the risk is now on the upside. I would be looking to buy back some shares on retreats and being patient is the key here. On the charts Geely's 10-day RSI is now at 77 and Sunny's at 70. Errrrrrrrrrrrrrrrrrrr