Sunny N/T Upside Likely Capped Despite Pft Alert

Further near-term upside for Sunny Optical (2382), already +8% in past three trading sessions vs tumbling HSI, may be limited despite tipping 2017 net profit to rise more than 120% YoY, implying at least CNY2.79 billion, citing " significant increase" in revenue and margin expansion. While figure likely higher than street consensus, more bullish brokers such as BOCI already forecasts 2017 earnings of CNY2.88 billion, so company's guidance by no means consensus-smashing. Further, January shipment data remain lackluster (exchange announcement here). Sunny gained 3.5% to HK$112.60 Monday vs HSI down 0.2%.