瑞信:舜宇光學(2382.HK)中期業績符合預期 維持優於大市評級
瑞信發表研究報吿指,舜宇光學科技(2382.HK)股價可能會受到出貨緩慢情緒的影響,但預期公司上半年盈利按年升47%至25.8億元人民幣,符合預期,該行維持集團目標價273港元及優於大市評級。
該行指,舜宇今年6月手機鏡頭出貨量按年下降27%;車載鏡頭出貨量494.5萬件,按年上升35%;手機攝像模組出貨量按年上升18%。該行相信,是由於海外疫情和中國智能手機需求疲軟而導致訂單削減,料7月出貨量或會隨着按月復甦而觸底。
該行表示,雖然車用鏡頭出貨量因芯片供應緊張而放緩,但預計當芯片供應緩和後,勢頭將在第三季再度回升。
該行認為,由於華為影響手機鏡頭平均售價,預料上半年收入將按年增長2%至192億元人民幣。隨着運營支出收緊和外匯相對穩定,料盈利將按年增長47%至25.8億元人民幣。

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