《大行報告》美銀料歌爾(002241.SZ)失AirPods部份訂單 估明年市場份額降至35% 料立訊精密份額升至65%
美銀證券發表報告表示,下調對歌爾股份(002241.SZ)投資評級由「中性」降至「跑輸大市」,將目標價由26元人民幣降至17元人民幣,基於公司指近日收到境外某大客戶的通知,暫停生產其一款智能聲學整機產品,目前與該客戶的其他產品項目合作仍在正常開展。本次業務變動預計影響2022年度營業收入不超過人民幣33億人民幣,約佔公司2021年度經審計營業收入的4.2%。
該行下調對歌爾2022年至2024年盈利預測4至23%,估計公司所指某大客戶暫停生產其一款智能聲學整機產品,或涉及蘋果公司旗下高端AirPods Pro產品。
美銀證券表示,料歌爾旗下AirPods規模縮小,利潤率壓力不可避免,認為相關訂單削減將導致到2023年市場份額進一步壓縮至30至35%(其餘為立訊精密(002475.SZ)),而之前為50%。
該行估計歌爾2022年及2023年旗下AirPods市場份額各為43%及35%,對比2021年為40%;該行料立訊精密旗下AirPods市場份額各為57%及65%,對比2021年為60%。
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.