瑞信:升丘鈦科技(1478.HK)目標價至12.8港元 評級“跑贏大市”
瑞信發表報告表示,上調丘鈦科技(1478.HK)
2020至2021年各年盈測分別4%及2%,以反映其指紋識別模組出貨量上升,惟銷售均價下降。報告又指,中國移動(0941.HK)
及小米(1810.HK)
最近的評論表明,2020年中國5G手機總體市場規模達到1.5億,較該行估計大幅高出80%,同時隨着市場的擴大,供應鏈由2020年中開始支持1,500至2,000元人民幣5G手機而帶來的下行風險升温。
瑞信估計,丘鈦科技於2020及2021年指紋識別模組出貨量分別為1.13及1.43億件,較早前之9,800萬及1.35億件預測為高,相信該公司在內地市佔率將達35%至37%。因此該行將其目標價由12.4港元上調至12.8港元,維持“
跑贏大市
”評級。
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