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建银国际:升舜宇(2382.HK)目标价至170港元 料受惠手机镜头升级趋势
格隆汇 12-06 12:19

建银国际发表报告,重申对舜宇光学(02382.HK)“跑赢大市”评级,对其目标价由原来140港元,上调至170港元,此相当预测2020年市盈率35倍,同时上调对2019年至2021年纯利预测各1%、4.1%及4%,各至36.24亿、47.77亿及56.81亿人民币,将今年毛利率预测由18.7%升至18.9%,明年毛利率预测由19.2%升至19.7%。

该行指,智能手机对镜头配置升级自今年快速发展,特别是中阶手机领域,小米(01810.HK) +0.210 (+2.315%) 沽空 $4.33千万; 比率 4.765% 於11月5日推出小米CC9Pro,配置了5镜头,包括采用108MP广角镜头,但手机售价仅每部2,799元人民币,料先进镜头包括108MP镜头、ToF,甚至伸缩式设计会於2020年至2021年广泛应用在中至高阶手机之上。

建银国际称,华为将于明年首季推出手机P40,或采用更多新镜头技术,为市场带来惊喜,估计舜宇将可受惠於大型手机品牌的镜头升级趋势。

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