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《大行報告》瑞信升舜宇(02382.HK)目標價至146元 多鏡頭趨勢助市場重估
阿思達克 12-05 11:13

瑞信發表報告表示,上調對多鏡頭(muti-cam)今年滲透率預測由65%升至68%,並調高對三鏡頭今年採應比率預測由20%升至25%,並上調對三鏡頭明年採應比率預測由30%升至37%,反映手機鏡頭模組及鏡頭需求高於預期。該行亦上調對其2020年手機鏡頭模組付運增長預測,由原來23%升至24%,並升2021年手機鏡頭模組付運增長預測,由原來13%升至15%,料產品均價可各升5%及6%。

該行指,亦調高對手機鏡頭2020年付運按年增長預測,由28%升至30%,上調對手機鏡頭2021年付運按年增長預測,由22%升至25%。該行估計,手機鏡頭供應鏈於中國農曆新年之前會有所調整,但相信在多鏡頭趨勢下長期結構前景仍穩固,有助市場對舜宇光學(02382.HK)進行重估。

瑞信稱,重申對舜宇光學「跑贏大市」投資評級,上調對其目標價由141元升至146元,此相當預測2020年市盈率28倍,同時上調對其2020年及2021年每股經調整盈利預測各4%及7%,各至4.62及6.03元人民幣。

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