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《大行報告》瑞信:舜宇(02382.HK)8月付運勝同業 為股價構成正面催化劑
阿思達克 09-14 10:30
瑞信發表報告表示,舜宇光學科技(02382.HK)公布今年8月手機攝像模組、手機鏡頭及車載鏡頭出貨量按年各升8%、22%及16%,按月則分別升11%、19%及14%;公司今年首八個月手機攝像模組、手機鏡頭及車載鏡頭出貨量按年各升20%、19%及跌2%,對比公司今年全年指引各升10%、10%%及5%。

該行指,舜宇旗下手機鏡頭持續受惠中低端手機需求上升,及客戶三星因海外需求復蘇進行補庫存;旗下手機攝像模組則受惠客戶Oppo及Vivo推新型號,並估計舜宇9月旗下手機鏡頭及手機攝像模組在9月付運維持較高水平,但華為禁令在9月15日後生效,此構成不明朗因素。

瑞信稱,舜宇旗下手機鏡頭8月付運按年升22%(按月升19%)至1.62億件,對比全年管理層指引按年升10%,主要受益於客戶三星補庫存。

瑞信認為,由於舜宇8月產品付運表現優於同業,相信可對股價構成正面催化劑,但仍需關注華為禁令的潛在影響,但相信新客戶的產品設計可成主要催化劑,該行維持對舜宇光學「跑贏大市」評級及目標價168元。

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