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《大行報告》中銀國際降舜宇(02382.HK)目標價至61元 維持「買入」評級
中銀國際發表報告指,舜宇(02382.HK)去年下半年盈利按年倒退37%至6.6億元人民幣,略差過之前的盈警預告,雖然去年第四季去庫存結束及高端Android手機銷售,推動交付量強勁增長,但手機鏡頭及手機攝像模組行業供應過剩,限制平均售價及利潤率提升空間。該股股價下跌,與管理層今年指引溫和有關,而該行認爲,在去年的低基數下,指引似乎過於保守。 該行將其今明兩年每股盈利預測分別下調24%及27%,以反映市場對平均售價及利潤率的失望情緒,目標價由80元下調至61元,但維持「買入」評級,相信高端Android及蘋果(AAPL.US)手機可能帶來上行驚喜,公司長遠亦將受惠車載鏡頭及延展實境(XR)的發展。
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