大行評級|大摩:上調舜宇光學科技目標價至90港元 新一輪增長週期即將啟動
摩根士丹利發表報吿指,舜宇光學科技的負面消息已經反映在股價中,隨着智能手機和新業務部門的新產品推出,新一輪增長週期即將啟動。該行對其評級由“與大市同步”升至“增持”,目標價由70港元上調至90港元。大摩認為,摺疊式智能手機出貨量在2026至2027年有望迎來顯著增長,而舜宇極有可能實現技術突破,從而驅動其智能手機業務收入增長。該行亦預計,舜宇2026至2027年新業務增長將由車用鏡頭與混合實境(MR)/智慧眼鏡雙引擎驅動,2025至2027年營收年複合增長率將超過25%,增速高於智能手機相關部門。因此,這些新興業務的營收佔比有望在2027年達到約40%。憑藉這個強勁的第二成長引擎,該行認為舜宇極可能迎來估值重評。
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