《大行》花旗引述舜宇(02382.HK)未來3至5年目標成為全球三大車用鏡頭模組供應商
花旗研究報告指,舜宇光學(02382.HK)昨日舉行投資者日,該行引述舜宇管理層認為2025年全球對車載鏡頭的需求將按年升26%至逾4億個,由中國內地智能駕駛發展所推動;管理層亦料其市場份額將進一步提高。公司目標未來3至5年可成為全球三大車用鏡頭模組的供應商,且海外收入佔比可由目前的約10%提升至未來3年的35%。
另外,舜宇管理層預計今年全球智能手機將按年增0.2%至11.75億部。而基於市場對小型、光學防震及長焦距相機模組的需求增加,料手機攝像模組的採購價值將按年增7.1%。公司亦對長遠XR的需求持正面看法,並有信心公司的XR模組的出貨量排行第一。同時,公司亦為機械人提供相機模組、系統相機及視覺解決方案。
該行認為舜宇沒有更新毛利率指引及看淡智能手機市場前景是符合預期,並認為車載鏡頭指引有上行空間。現予目標價98元「買入」評級。
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