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星展:重申瑞聲科技(2018.HK)“買入”評級 目標價56港元
格隆匯 11-14 16:31

星展發佈報告稱,瑞聲科技(02018.HK)管理層預計2020年首季,光學業務毛利率可處40%以上水平,每月付運多於6000萬件,而產品均價逾4元人民幣以上,瑞聲旗下光學業務可於明年首季迎來轉折點。

該行引述瑞聲管理層稱,重申膠鏡頭月度付運至今年第四季末可達6000萬件、至2020年3月或4月末可增至1億件,預計相關產品均價由會目前每件少於4元人民幣,至2020年3月或4月升至每件4.5元人民幣,至2020年下半年升至5元人民幣,因為產品組合持續改善。

該行表示,預計瑞聲於2019年及2020年淨收益預測各為20.39億及32.01億元人民幣,分別同比下滑46%及上升57%。重申對瑞聲“買入”評級及目標價56港元。

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