You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》里昂上調舜宇(02382.HHK)目標價至291元 評級「買入」
阿思達克 06-30 16:02
里昂發表的研究報告指,料舜宇光學科技(02382.HK)上半年淨利將按年升56%,主要受惠手機鏡頭模組利潤表現,加上車用鏡頭及VR產品出貨量亦強勁,相信VR業務強勢被大部分投資者忽略,將公司目標價由260元升至291元,重申「買入」評級,而舜宇亦為該行首選。

該行估計公司上半年淨利將達27億元人民幣(下同),按年升56%,較市場預期高9%,除了眾所周知的引擎如手機鏡頭模組市佔增加、利潤擴張及車用鏡頭出貨提升外,該行留意到VR相關產品交付亦有強勁增長,估計將帶動其他鏡頭組等的銷量上升,而市場現時忽略了相關影響。

該行指出,公司現價相當於2021年預測市盈率37倍,屬其範圍高位,留意到公司的基本面仍處上升勢頭,催化劑包括上半年盈利強勁、手機鏡頭模組及鏡頭出貨有望在未來兩至三月復甦;而隨著芯片短缺情況緩和及下半年汽車鏡頭出貨有望加快;相信下半年iPhone及安卓復甦,手機鏡頭的競爭亦會緩和。

該行估計到2025年自動駕駛滲透率將達20%,屆時來自汽車的收入及淨利將相當於2020年整體收入及淨利的82%及98%,到滲透率達100%時,相關數字將分別提升至324%及307%,意味規模將是現時的四倍。(el/k) ~

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account