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中金:在明年5G推動下 料智能手機及光學行業有望重回良好增長
格隆匯 11-19 15:07

中金髮表報告指,手機光學行業公司歐菲光(002468.SZ)公告,將旗下主營安卓觸控業務的「安徽精卓」的51.88%股權,以18億元人民幣轉讓與關聯方安徽鼎恩。轉讓後,「安徽精卓」不再納入歐菲光合並報表範圍。該行認為,公司此舉意圖剝離毛利較低的安卓觸控業務,而在上市公司體內保留了成長較快的光學模組、光學鏡頭業務,以及盈利能力相對較好的蘋果觸控業務。

中金表示,通過近期的調研和產業鏈的研究,看到在明年5G的推動下,智能手機和光學行業有望重回良好增長,此也將利好舜宇(02382.HK)、丘鈦(01478.HK)、歐菲、瑞聲(02018.HK)、大立光等一系列相關產業鏈公司。

該行又稱,看到手機光學仍在朝着多攝、ToF、潛望、像素提升的方向升級,各大廠商也均在積極佈局。根據報道,索尼看好CMOSImageSensor芯片的後續商機,正研討在日本投入1,000億日圓(約9.2億美元)建立新工廠,以2022年3月底之前開始量產為目標。近期,各大手機機型在光學上也持續創新。報導指明年的蘋果iPhone也將增加一個ToF鏡頭。而小米剛發佈的CC9pro,也搭載5顆後置攝像頭,其中包括一顆1億像素的攝像頭,明年華為在P40上的光學升級也同樣值得期待。

中金認為,在5G對於AR和視頻需求的推動下,光學行業的升級和增長有望推動相關公司持續增長。光學行業的持續成長有望利好一系列產業鏈公司的業績。

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