《大行报告》瑞银降舜宇(02382.HK)评级至「中性」 目标价下调至130元
瑞银发表研究报告将舜宇(02382.HK)的投资评级由「买入」下调至「中性」,认为其短期上行空间有限。该行认为,增速放缓及平均售价的上行空间有限,这或会限制其盈利增长,尽管其相机模组业务的盈利能力改善。
此外,最近美国对华为作出禁令,即使舜宇已试图进一步扩大客户基础,但仍或会导致其相机模组业务在2021年甚至更後时间面对更多不明朗。该行进一步将公司2020至2022年的盈利预测下调13%至15%,以反映收入增长放缓及营运杠杆降低。另外,认为其股价已是合理,因为公司的风险回报表现变得越来越不利。目标价由原来的135元下调至130元。
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