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.

The analysts have also upped their net profit forecasts for FY2021 to FY2022 to RMB466 million and RMB563.9 million respectively.

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