《大行報告》瑞信引述瑞聲(02018.HK)料受美國封殺華為影響有限 指次季光學毛利率可達30%目標
瑞信發表報告,為瑞聲科技(02018.HK)舉行非交易路演,投資者仍關注旗下光學業務進展及市場份額、產能利用率(UTR)/收益、產品平均售價/毛利趨勢等,該行引述瑞聲科技管理層料公司受美國限制華為出口措施影響有限,指中國正進動5G發展,指影響主要在精密結構件業務上,並指華為事件不會改變瑞聲總體策略。
該引述述瑞聲科技管理層指,各業務領域的需求及產能利用率於第二季按季見改善,塑膠鏡頭產出今年5月可達6,000萬件、至今年第三季塑膠鏡頭產出可達1億件,有信心第二季光學業務毛利率可達30%目標,料今年下半年產品平均售價約4至4.5元人民幣。
瑞聲管理層亦估計,公司旗下聲學產品平均售價將回穩,因超線性揚聲器(SLS)滲透率上升,料至年底可升至80%。該行維持對瑞聲科技「中性」投資評級及目標價47.3元。
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