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《大行》大和下調對舜宇(02382.HK)目標價至72元 重申「跑贏大市」評級
阿思達克 06-24 11:41
大和發表報告,該行輕微上調對舜宇光學科技(02382.HK)其今年每股盈測,以反映利潤率展望改善,惟手機板塊短期風險令其下調對舜宇目標市盈率,由原先28倍降至25倍,目標價相應由85元降至72元,重申「跑贏大市」評級。 該行指,受惠政府補貼計劃,本年至今內地智能手機銷量按年升2%,其中安卓品牌按年升3%。但舜宇今年首五個月手機鏡頭及手機鏡頭模組出貨量分別按年跌5%及25%,低於市場預期和指引,主要因為公司更專注中端至高端產品。 該行認為,儘管出貨量下降,但更優化的產品組合支持該行對該兩個部門今年上半年收入按年增長的預期,其平均售價按年增長20%至30%。展望下半年,由於上半年補貼和促銷推動的提前購買,需求或面臨下行風險。
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