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《大行報告》中信証券:舜宇(02382.HK)手機業務因需求弱承壓 車載鏡頭業務回暖
阿思達克 11-17 14:42
中信証券發表報告,指短期內安卓端需求仍階段承壓,同時手機鏡頭行業格局變化,或導致部分產品銷售均價波動,中長期來看,認為光學市場需求向好,看好舜宇光學(02382.HK)光學龍頭地位,維持「買入」評級,目標價255元。 中信証券維持舜宇今年、明年和後年淨利潤預測,分別為59億元人民幣(下同)、73億和87億元,每股盈利預測分別為5.35、6.65和7.92元。 該行說,中長期光學規格提升持續,舜宇自動化水平提高和工藝效率提升料將帶動毛利率上行,看好公司手機鏡頭業務未來發展。此外,其車載鏡頭業務回暖,10月出貨量按月回升3.8%,首十個月計按年升32.8%;認為公司將持續受益於車載鏡頭規格升級、ADAS等發展趨勢,公司將立足當前高端產品定位,積極發力潛望式、3D等中高端模組,高端客戶份額提升推動產品結構升級,看好公司多攝模組及立體感應相關產品的放量。
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