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野村:上调舜宇(2382.HK)目标价至150港元 内地手机出货量复苏
格隆汇 03-09 13:21

野村发表研究报告预测,自2月底起,内地手机需求将会显著复苏,虽然高端手机恢复速度较慢,但估计内地整体手机表现可望大为改善,因此将舜宇科技(2382.HK)目标价由原来的100港元大幅上调至150港元,维持“买入”评级,并将其2019及2020年的盈利预测分别上调4%及调低2%。

报告指出,由于华为仍佔舜宇科技摄像模组出货量约50%,并考虑到新冠肺炎疫情之影响,野村将舜宇摄像模组出货量增长预测调低至20%以下,舜宇科技手机摄像模组毛利率于去年下半年已上升至高单位数,估计今年上半年毛利率会略为回落。

野村又将舜宇科技的手机镜头出货量预测调低,由于韩国三星是舜宇科技手机镜头最大买家,相信疫情对有关业务的影响将少于摄像模组,再者,舜宇正增加6P╱7P手机镜头产品组合,这将有助提高公司的平均售价,预计舜宇科技今年会扩大手机镜头之产能。

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