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建銀國際:升舜宇(2382.HK)目標價至170港元 料受惠手機鏡頭升級趨勢
格隆匯 12-06 12:19

建銀國際發表報告,重申對舜宇光學(02382.HK)“跑贏大市”評級,對其目標價由原來140港元,上調至170港元,此相當預測2020年市盈率35倍,同時上調對2019年至2021年純利預測各1%、4.1%及4%,各至36.24億、47.77億及56.81億人民幣,將今年毛利率預測由18.7%升至18.9%,明年毛利率預測由19.2%升至19.7%。

該行指,智能手機對鏡頭配置升級自今年快速發展,特別是中階手機領域,小米(01810.HK) +0.210 (+2.315%) 沽空 $4.33千萬; 比率 4.765% 於11月5日推出小米CC9Pro,配置了5鏡頭,包括採用108MP廣角鏡頭,但手機售價僅每部2,799元人民幣,料先進鏡頭包括108MP鏡頭、ToF,甚至伸縮式設計會於2020年至2021年廣泛應用在中至高階手機之上。

建銀國際稱,華為將於明年首季推出手機P40,或採用更多新鏡頭技術,為市場帶來驚喜,估計舜宇將可受惠於大型手機品牌的鏡頭升級趨勢。

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