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高盛:舜宇4月手機鏡頭出貨量符預期,維持沽售評級
格隆匯5月10日丨高盛發研報指,舜宇光學(2382.HK)4月份手機鏡頭出貨量同比增3.5%,符預期,在連續10個月同比下跌後首次轉正,不過仍慢於同行,首4個月出貨量按年跌8%;車載鏡頭出貨量同比增3%,遜預期,首4個月出貨量按年跌1%;手機鏡頭模組出貨量同比減19%,遜預期,首4個月出貨量同比減22%。該行維持“沽售”評級,目標價105港元。
高盛指,管理層將手機鏡頭模組出貨量疲弱歸因於高基數及智能手機需求疲弱,該行認為這證明了智能手機鏡頭市場競爭不斷增加的論點。該行繼續偏好半導體及軟件行業多於鏡頭行業,另外亦較看好後起之秀如瑞聲(2018.HK)及歐菲光(002456.SZ)。

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