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《大行報告》瑞信降舜宇及瑞聲目標價 滬「封城」影響物流 降中國智能手機付運預測
瑞信發表研究報告指出,上海「封城」連帶周邊城市尤其是崑山亦受到影響。該行指許多位於上海和崑山的工廠同時進行閉環營運管理,市場關注供應鏈需求及物流中斷的影響。預期於上海及崑山敞口較高的軟件及硬件企業主要受到影響,而對半導體企業的影響則相對可控。 該行對今年中國智能手機付運預測由按年跌2%,進一步下調至6%。蘋果供應鏈所受影響較小,因第二季是傳統淡季,但成本有機會增加,而Android則可能受需求擔憂的影響。 瑞信將2022財年的立訊精密(002475.SZ)、瑞聲科技(02018.HK)、舜宇光學科技(02382.HK)、丘鈦科技(01478.HK)及比亞迪電子(00285.HK)每股盈利預測分別下調3%至10%,以反映生產效率的影響及疲弱的需求前景,另對舜宇目標價由191元削至164元,對瑞聲目標價由20.3元下調至19.3元(見另表)。
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