《大行報告》大摩下調小米(01810.HK)目標價至27元評級「增持」 升舜宇(02382.HK)目標價至255元評級「與大市同步」
大摩發表報告,認為小米(01810.HK)將成為2022年智能手機出貨量復甦的主要受益者,而市場對智能手機出貨量前景較為悲觀,該行將小米目標價由31.5元下調至27元,評級「增持」 。
大摩相信,擁有引人注目的產品組合的小米與同行相比最有能力獲得全球智能手機市場份額,人工智能物聯網(AIoT)可以利用小米穩固的智能手機專利實現快速增長並創建豐富的生態系統。該行預計小米的互聯網服務業務將受益於不斷增長的用戶群和更多的變現策略。
大摩表示,仍然看好舜宇(02382.HK)車載、監控和AR/VR鏡頭方面的長期增長潛力,進入iPhone供應鏈的潛力也將為其手機鏡頭業務帶來新的盈利增長動力,將舜宇目標價由230元升至255元,評級「與大市同步」。
大摩指,由於在Android客戶端中的份額增長快於預期,並且通過自動化提高了利潤率,舜宇綜合鏡頭模組業務在2021年有一個積極的驚喜,不過股價在很大程度上反映了最近的積極發展,對2021年下半年的指引修訂,意味著手機和車載鏡頭的增長放緩。
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