《大行》野村:高偉電子(01415.HK)蘋果CCM份額可望提升 升目標價至32.2元
野村發表研究報告,預測高偉電子(01415.HK)2025年收入將按年增長34%至33.4億美元,主要受惠於公司在智能手機後置鏡頭模組(CCM)領域的市佔率持續提升,兩款後置CCM(潛望式鏡頭及新款超廣角鏡頭)自2024年下半年起量產,今年將帶來全年的貢獻,該兩款CCM市佔率料提升到35%至40%,同時潛望式鏡頭規格升級可帶動產品平均售價提升。
該行維持高偉電子的「買入」評級,目標價從29.24元上調至32.2元,相當於2026年預測市盈率約14倍。野村預計,iPhone CCM市場規模至2026及2027年或因新iPhone Pro主鏡頭升級而顯着增長,而高偉電子在蘋果CCM的市場份額仍有上升空間,另預測按價值計CCM市佔率到2027至2028年可達逾18%。
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