《大行报告》瑞信下调丘钛科技(01478.HK)目标价至16元 评级「跑赢大市」
瑞信发表的研究报告指,丘钛科技(01478.HK)5月份镜头模组出货量为3,800万台,按月跌11%,按年则升12%,今年以来镜头模组出货量升25%至1.85亿台,低於公司2021所指引的逾30%增长。
期内指纹模组出货量为760万组,按月跌24%,主要因为安卓需求减慢,而今年以来指纹模组出货量按年增长36%至4,500万组,高於公司对2021年的增长指引。
该行指出印度市场需求近期复苏,虽然仍未回复至原先水平,料新兴市场需求复苏仍存在不确定性。该行将公司2021-23年盈利预测分别降5%、4%及3%,以反映镜头模组及平均销售单价下降的影响,不过相关因素部分被指纹模组提升所抵销,维持「跑赢大市」评级,目标价由17.7元降至16元,估计短期股价维持弱势,但第三季出货量改善或可再度带动势头。(el/a) ~
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