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《大行報告》瑞信:瑞聲(02018.HK)上季純利低原預期50%至64% 對今年前景保守
阿思達克 01-20 10:42
瑞信發表報告表示,就瑞聲科技(02018.HK)發盈警,料去年第四季純利按年下跌71%至79%,至介乎1.59億至2.19億元人民幣,低於該行原預期50%至64%,估計去年純利13億元人民幣,按年下滑12%至16%,低於該行原預期14%至18%。 該行指,瑞聲上季業績遜預期是受毛利率走弱所拖累,在競爭加劇下相關產品銷售均價下滑,基於晶片短缺令供應鏈緊張,公司料今年上半年營運挑戰持續,管理層對前景審慎樂觀。 瑞信認為,瑞聲科技發盈警令人意外及失望,對公司2022年的前景持保守看法,尤其是考慮Android手機的光學領域疲弱走勢可能會延續到今年3月至4月,手機鏡頭競爭持續。該行維持對瑞聲「中性」投資評級及目標價32.1元。
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