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《大行報告》高盛一舉升瑞聲(02018.HK)評級至「買入」 上調目標價至58元
阿思達克 04-12 09:56
高盛發表報告指,隨著瑞聲科技(02018.HK)在手機鏡頭和攝像頭模塊領域的業務擴展,該行引入了長期估值(2024-27年)及更新市盈率的估值方法,以更好地把握公司在攝像頭領域的長期機會。報告假設瑞聲盈利在2025至27年度回到行業水平的15%複合年增長率,並採用13倍的行業市盈率來計算,把目標價由31元上調至58元,潛在上升空間為44%,評級由「沽售」上調至「買入」。

報告將瑞聲2021至2023年度的淨收入預期分別上調6%、25%、17%,主要是由於產能擴張計劃強於預期,手機鏡頭出貨量增加,以及新的相機模組業務帶動市場份額提升、相機模組平均銷售價上升、更低的運營成本和更低的稅率。

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