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《大行報告》美銀證券降舜宇(02382.HK)目標價至61元 去年下半年盈利遜
阿思達克 01-31 10:12
美銀證券發表報告指,舜宇光學科技(02382.HK)發盈警,指引2023年純利按年料跌介乎50%至55%,至介乎10.8億至12億元人民幣,意味著去年下半年純利料按半年增長62%,惟按年跌33%至7.07億元人民幣,以中間數計遜於該行及市場預期分別22%及31%。 該行指,基於近期庫存調整、市場下調華為智能手機交付預測,留意到近期的不確定性,但受惠平均售價回復正常、在華為智能手機鏡頭模組取得份額、和整體光學規格升級,故預計手機業務在2024年將會逐步改善,並側重今年較後時間。 該行相信,基於歐美市場需求偏軟、本地市場定價潛在受壓,或令近期銷售受壓,但電動車滲透率上升或可抵銷逆風,以及有助保持相對穩定的利潤率或平均售價。 該行表示,將公司在2023年至25年各年盈利預測下調介乎13%至19%,反映利潤率復甦較預期慢,將其目標價由74元下調至61元,重申其評級為「中性」。
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