《大行報告》瑞信升瑞聲(02018.HK)評級至「跑贏大市」 目標價上調至16元
瑞信發表報告,將瑞聲科技(02018.HK)評級由「中性」升至「跑贏大市」,以反映下一代iPhone的觸控升級的能見度提高。該行渠道檢查顯示,未來iPhone的音量和電源按鈕可能被新的設計所取代,當中需要額外的觸控產品,假設淨利潤率10%,估計可以對公司產生額外的7,000萬至9,600萬元人民幣的淨利潤,相當於今年純利估算的介乎8%至12%。
報告指,繼收購東陽精密機器後,瑞聲可能正在接觸其他結構件項目,料第三季業績或勝預期,將是一個積極的催化劑。該行將瑞聲2023年和2024年每股盈測分別提高12%和6%,以反映潛在的觸控升級,但被放緩的光學產品銷售所抵銷,期內毛利率料每年提高0.6個百分點。目標價由15.8元升至16元。
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