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《大行報告》高盛調低舜宇(02382.HK)目標價至130元 進一步下調盈測
阿思達克 03-18 14:17
高盛發表報告表示,於3月2日將舜宇(02382.HK)今明兩年盈利預測下調20%及23%,而該公司對今年手機鏡頭出貨量增長的指引(按年升10%)與該行預期基本一致。

報告補充,該公司攝像模組出貨量的指引仍然保持強勁,預期今年按年增長15%,增速高於手機鏡頭(10%),且高於該行之前的預期(6%),表明該公司的手機鏡頭業務尚未實現能夠與攝像模組業務分離,因此產品結構升級將較預期為慢。該行上調其攝像模組出貨量預測,導致整體毛利率下降;至於其去年經營支出比率則高過預期。

高盛進一步削減舜宇2020至2021年度盈利預測6%及2%,目標價相應降13%至130元,維持「買入」評級,因5G手機週期仍處於初步階段。

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