《大行》里昂降瑞聲科技(02018.HK)目標價至60.5元 評級「確信跑贏大市」
里昂發表研究報告指,瑞聲科技(02018.HK)上半年純利按年升63%至8.76億元人民幣,高於預期,毛利率按年跌0.8個百分點至20.7%,主要是加速推進新聲學項目。集團預計,今年整體毛利率不會低於上年表現。其光學業務上半年保持盈利,瑞聲料今年散熱業務收入將按年增3倍。
該行預料,集團下半年毛利率復甦,並相信在光學利潤成長、散熱和汽車業務的推動下,其增長前景保持明朗。該行將公司今年盈利預測上調1%至25.6億元人民幣,同時將公司明年及2027年盈利預測各下調8%,至26.1億元人民幣和28.9億元人民幣。該行將其目標價由66.1元下調60.5元,維持其「確信跑贏大市」評級。(ca/u)
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