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交銀國際:上調舜宇光學(2382.HK)目標價至175港元 維持買入評級
格隆匯 11-11 13:22

交銀國際報告指,將舜宇光學(2382.HK)目標價由155港元調高至175港元,維持買入評級。

報告內提到,舜宇10月份攝像模組出貨量按年增8%,按月保持穩定,手機鏡頭出貨量受季節性影響按月跌5%。該行認為,手機鏡頭及攝像模組的 結構升級仍然緩慢,預計第四季出貨量將按照季節性情況,兩者將按月略為下降。

該行稱,如果新型肺炎疫苗可以廣泛使用,預計海外智能手機需求將逐步改善,對舜宇的兩大客户三星及小米產生積極影響。如果全球疫情消退,預計智能手機產品的結構將恢復上行。然而,某些與居家相關的產品(如iPad)將受到負面影響。該行又認為,車載鏡頭的需求或會持續回升。

該行表示,由於明年的盈利可見度改善,故基於2021年預測市盈率28倍,上調其目標價。

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