《大行報告》瑞信上調瑞聲(02018.HK)目標價至19.7元 評級「中性」
瑞信表示,瑞聲(02018.HK)最近股價上漲,可能是由於最近有報道指,華為可能回歸5G智能手機行業,以及華為潛在訂單增加。該行相信,若華為重返5G,瑞聲將成為主要受益者,因為瑞聲是華為高端型號(P/Mate系列)外殼、聲學和觸控的供應商。
瑞聲上半年疲弱,因為Android需求持續疲軟,拖累瑞聲的收入增長。該行將瑞聲2023至2025年每股盈測分別下調18%、6%及2%,以反映智能手機疲弱,但影響被不斷增長的精密部件業務所部份抵銷,目標價由18.1元上調至19.7元。下半年主要增長動力可能是華為5G智能手機和iOS旺季。評級維持「中性」。
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