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麥格理:首予瑞聲科技(2018.HK)“中性”評級 目標價52.2港元
格隆匯 11-06 11:35
麥格理髮表報告表示,首予瑞聲科技(2018.HK) 中性 ”評級,未來12個月目標價52.2港元,此相當預測2020年市盈率20倍,指公司正面對業務重整,在iPhone高價單的觸感迴應器市場份額仍在流失,抵銷了來自安卓手機客户訂單量增加影響,指公司需待市場復甦。
該行估計,瑞聲科技今年純利將下滑47%,料2020年及2021年將各回升38%及17%,主要受到安卓手機客户訂單量增加所推動。該行料5G替代週期,將推動智能手機未來五年總體需求,相信安卓 手機仍是公司關鍵因素。
麥格理對瑞聲科技於2019年至2021年純利預測各為近20億、27.67億及32.35億元人民幣,料每股盈利預測分別為1.65、2.29及2.68元人民幣。

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