《大行报告》汇丰研究下调瑞声(02018.HK)目标价至56元 评级「买入」
汇丰研究发表报告,指瑞声(02018.HK)去年表现胜预期,其中第四季纯利为7.56亿元人民币,毛利率按季反弹4.5个百分点至28.1%,塑胶镜头付运量亦达历史高位的1.46亿件。
该行指,公司的光学产品营运符预期,料今年利润持续改善,安卓触控产品继续取得新设计,同时资本开支会减少10-15%。汇丰降瑞声今明两年盈利预期各3%,以反映收入预期下调,利润率预期则获得上调因成本改善,目前料2020至22年利润年复合增长率为43%。目标价由64.2元降至56元,维持「买入」评级。
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.