The analysts have also upped their net profit forecasts for FY2021 to FY2022 to RMB466 million and RMB563.9 million respectively.
UOB Kay Hian analysts John Cheong and Clement Ho are remaining positive on Sunpower Group following its record PATMI in 2020.
Maintaining their “buy” recommendation with a slightly higher target price of $1.11 from $1.10 previously, Cheong and Ho are expecting 2021 to be a “year of transformation” for the group.
