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《大行報告》摩通:舜宇(02382.HK)上月付運因元件短缺而放緩 料明年基本面仍正面
阿思達克 12-10 09:58
摩根大通發表報告指,舜宇光學科技(02382.HK)今年以來手機鏡頭、手機鏡頭模組及車載鏡頭出貨量分別升15%、14%及10%,均高於原先指引(原指引各升10%、10%及5%),但相信部分智能手機零部件短缺拖累到硬件需求,而情況難在短期內緩解,所以11月手機鏡頭及鏡頭模組均按月呈雙位數跌幅,差過該行預期,而該行估計上述兩個品類的跌勢在12月仍會重現。

該行指,雖然舜宇短期面對影響,但仍對公司2021年的基本面保持正面,估計將受惠智能手機終端市場規模反彈及新項目進展所帶動,予目標價155元,評級「增持」。

摩根大通指出,11月舜宇手機鏡頭出貨量按月跌19.2%(按年跌0.8%),而手機鏡頭模組出貨量則按月跌18.5%,主要因為智能手機供應鏈主要零件短缺,懷疑是因為半導體供應鏈緊張,但該行指出各代工商亦積極搶購部分零部件,令供應緊張情況加劇。而在車用鏡頭方面受惠海外疫情影響減輕,出貨量按年增長28.8%,按月則持平。(el/w) ~

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