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《大行報告》高盛:大立光拓鏡頭模組等業務 料競爭激烈令毛利率顯着下跌
舜宇(02382.HK)今早股價受壓,盤中曾一度下挫7.1%,低見216.8元,最新報222元跌4.9%。高盛發表報告表示,舜宇同業大立光(03008.TW)受到行業競爭激烈、智能手機設備升級放緩已拖累其收入及毛利率表現,大立光去年第三季毛利率已回落至59.3%,對比2020年爲67%。 該行指,大立光拓展包括鏡頭摸組及車載鏡頭等新業務,若其產品售價與毛利率與對手舜宇相同,料大立光於2022年毛利率將顯着下跌,由原來60%下降至介乎24%至32%。該行維持對大立光「沽售」評級及目標價1,757元新臺幣,相當預測今年市盈率15倍。
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