《大行報告》瑞信下調舜宇(02382.HK)目標價至138元 評級「跑贏大市」
瑞信發表研究報告指,舜宇(02382.HK)日前發盈警,預料中期純利將按年下跌45%至50%,中位數較該行及市場預期低13%及24%,跌幅大於預測相信主要由於人民幣貶值所導致。
公司將利潤下降歸因於需求疲軟和去規格化趨勢導致手機鏡頭和HCM業務的均價及毛利率造成壓力、宏觀經濟環境導致整車業務業績低於預期,以及匯兌損失。雖然市場充滿挑戰,但瑞信仍預期舜宇上半年盈利表現可跑贏同業,預期瑞聲(02018.HK)中期盈利可能按年跌72%,丘鈦科技(01478.HK)或下跌50%至70%。
瑞信將舜宇2022至2024年每股盈利預測下調 8%、2%及2%,以反映外匯影響,並將目標價從141元下調至138元,認為大部分智能手機行業的負面因素已被消化,維持「跑贏大市」評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.