《大行報告》高盛引述舜宇(02382.HK)管理層稱對今年具信心 料三星業務錄高增長
高盛發表報告表示,近日與舜宇光學(02382.HK)管理層進行投資者會議,討論了5G智能手機需求、鏡頭模組及手機鏡頭競爭,上游部件的短缺、資本開支及產能擴張計劃等,指舜宇光學管理層對今年前景維持信心,相信公司可受到5G智能手機、每手機增加鏡頭應用、鏡頭模組毛利率復甦、及手機鏡頭及車載鏡頭市佔率提升所推動。
該行估計,舜宇光學今年毛利率可明顯提升,主要受手機鏡頭使用像素鏡頭升級、鏡頭模組毛利率復甦及總體產品組合升級所推動。該行引述舜宇管理層料今年旗下客戶三星業務將可錄高增長。
高盛表示,維持對舜宇光學「買入」投資評級,予12個月目標價150元,此相當預測今年市盈率23倍,與全球同業平均估值一致,指現估值相當預測今年市盈率20倍,料其2019年至2021年純利複合增長率為53%。
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