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《大行報告》大摩上調丘鈦科技(01478.HK)目標價至14.5元 發盈喜半年利潤勝預期
阿思達克 07-14 10:03
摩根士丹利發表研究報告,指丘鈦科技(01478.HK)發盈喜,料上半年盈利按年增長50至90%,表現好過預期,主要是受惠於微型鏡頭模組(CCM,Compact Camera Module)平均售價及毛利率的提升,因為今年中端手機的轉移速度較高端手機快。隨著5G相關的物料清單成本料在2021年下降,相信這將會緩解其他組件的壓力。

該行維持公司「增持」投資評級,目標價由原來的14元上調至14.5元。另外,將公司2020年及2021的每股盈利預測分別上調10%及5%,以反映規格轉移令CCM的均價及毛利率在今年上半年及明年有所改善的因素。至於今年上半年的銷量仍然低迷,估計CCM混合均價將達到36元人民幣,按年上升68%,估計毛利率為9%。因此,預計上半年的盈利為3.2億元人民幣,按年增長73%。

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