《大行报告》野村降舜宇(02382.HK)评级至「减持」 目标价上调至168元
野村发表研究报告,指舜宇(02382.HK)股价今年以来累升12%,跑赢恒指升2%,主因投资者对新能源车行业需求过份热情,带动包括公司在内的行业供应链企业受追棒,同时市场预期公司可获苹果公司镜头订单,以及荣耀分拆可利好大中华光学市场。
该行指,认为市场对公司的预期过高,令股价不吸引,评级由「中性」降至「减持」,目标价由165元升至168元。
该行表示,舜宇的车用镜头,或自动驾驶相关业务占收入比例会由去年的6%增加至明年8%,毛利由13%增至20%,带动估值增长,但该行已计入公司车用镜头未来两年带动盈利增长40%的预期,而目前估值并未见十分吸引。至於苹果业务方面,公司获取iPad镜头订单的机会大於iPhone,故维持公司不会成为iPhone镜头供应商的预期。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.