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研報掘金丨東海證券:樂鑫科技長期增長潛力十足,首予“買入”評級
格隆匯 03-14 17:09
東海證券研報指出,樂鑫科技(688018.SH)次新品、新品接續放量,同時切入更多細分市場,進一步打開業績成長空間。毛利率提升超預期,經營槓桿顯現,公司盈利能力顯著提升。公司短期內不僅受益智能家居、智能穿戴等AIOT行業高速增長的紅利,也受益自己產品矩陣不斷豐富、內生競爭力不斷增強的紅利,短期內規模或迎來高增長。新產品在2025年有望逐步放量,同時,公司也將下遊應用佈局到消費電子、網絡設備等細分市場,市場容量擴大至現有物聯網設備的2.5倍。公司產品矩陣不斷豐富,下遊市場不斷擴張,長期增長潛力十足。首次覆蓋,給予“買入”評級。
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