植耀輝:大市靜待Jackson Hole年會 舜宇(02382.HK)毛利率改善有驚喜
耀才證券研究部總監植耀輝稱,港股本週大部分時間處於區間上落,A股強勢無疑對港股有利,但似乎未足以推動恆指破頂,同時下方25,000點支持力強,且看業績後能否借勢衝高。本週焦點則肯定離不開Jackson Hole年會,究竟年內會否減息相信很快會有較明確方向。
股份方面,談談舜宇(02382.HK),因在近期業績股中,筆者覺得以其表現較有驚喜。雖然收入僅增4.2%,不過在毛利率改善下,盈利仍能大增52.6%至16.5億元人民幣;當中值得留意的是,由於手機市場疲弱,導致手機鏡頭及手機攝像頭模組出貨量分別下跌6.4%及21%,然而在產品結構改善下,兩者平均售價(ASP)均提升約20%,意味產品升級趨勢成效不俗。毛利率更高之車載模組亦出現相同情況,令相關收入較去年同期增加35%。而在最新展望中,集團亦預期今年車載鏡頭及模組收入將增加至少20%,意味下半年業務表現有望維持。暫不建議高追,惟若股價回調至75元以下則可考慮小注吸納作長線持有。
(筆者為證監會持牌人,並未持有相關股份)~
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