《大行報告》麥格理上調舜宇(02382.HK)目標價至152元 評級「跑贏大市」
麥格理發表的研究報告指,舜宇光學科技(02382.HK)已準備好迎接下一個催化劑,公司早前於線上發布會上展示了最新的汽車及智能手機鏡頭解決方案與生產科技。該行指出雖然全球汽車銷量受疫情拖累,但車用鏡頭銷量跌幅相對細,主要因為每輛車的鏡頭數目有所增加,相信公司處於較好位置可為不同廠商供應多項解決方案。
在智能手機鏡頭方面,受疫情影響加上5G應用未普及致手機需求減,低價的智能手機銷售較好,相關因素影響到鏡頭升級步伐,而公司主力改善效率及利用其規模優勢降低成本,以維持競爭力。該行認為鏡頭提升至更高像素、更高光學變焦倍數、廣角鏡及混合鏡等的勢頭十分清晰。
該行未有改變對公司每股盈測,但就將目標價由123.8元升至152元,維持評級「跑贏大市」,有信心公司在供應鏈上定位理想可應對疫情,與同業比較訂單削減情況亦較輕微,另外美國針對華為的禁令對公司影響亦輕微,因為舜宇有較廣的客戶基礎。(el/k) ~
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