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《大行報告》大摩下調舜宇(02382.HK)目標價至200元 業績前看好大立光
阿思達克 03-01 10:01
摩根士丹利發表研究報告指,由於去年出貨量較預期疲弱,預計舜宇(02382.HK)盈利具風險,將全年收入預測下調8%,加上全球智能手機鏡頭行業競爭愈趨激烈,或為市場份額或利潤率帶來不利影響,因此將舜宇去年下半年及今年手機鏡頭與鏡頭模組全球市場份額預期下調約4個百分點。 該行表示,舜宇將2021年及2022年盈利預測分別下調5%及12%,各至53億及60億元人民幣。 大摩指,相對而言,大立光的負面影響市場已暸解,預期iPhone SE推出或帶來積極情緒,因此在公布2021年業績之前,重申更看好大立光(03008.TW),多於舜宇。 該行將舜宇的目標價由255元下調至200元,對應今年預測市盈率約30倍,評級為「與大市同步」,認為若舜宇可從新客戶手上取得大量汽車鏡頭訂單,長遠而言可能會增強投資者對公司的信心,或引發估值重新評級,同時仍然看好舜宇長遠在汽車、監控及AR/VR鏡頭業務領域的發展。
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