You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
高盛:瑞聲(2018.HK)上季純利低市場預期 維持“中性”評級
格隆匯 11-08 15:46

高盛發表報告指,瑞聲科技(02018.HK)今年第三季純利錄約6.95億元人民幣,按年下跌29%,但按季計上升106%,惟仍遜於該行預期26%,及低於市場預測8%,主要由於毛利率較預期為低。維持“中性”評級。

高盛表示,集團毛利率雖然由第二季的25%,回升至第三季的29.6%,但仍低於市場預期的31.5%,及該行預期的37.4%。毛利率表現差,是確認了該行的憂慮,即集團的核心業務(聲學和觸覺)正面對價格競爭壓力,而Android智能手機業務的擴展,亦可能對其毛利率復甦造成影響。至於手機鏡頭業務長遠雖對毛利率有利,但業務規模仍小,未能抵銷核心業務的負面影響。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account