《大行報告》瑞信下調丘鈦科技(01478.HK)目標價至4.2元 評級「中性」
瑞信發表評級報告指,丘鈦科技(01478.HK)今年上半年純利按年跌71%,符合早前發盈警預測,料呈50%至70%跌幅。
該行指,公司將今年智能手機攝像鏡頭模組的增長預測下調至逾5%,非智能手機攝像鏡頭模組則維持至增逾100%,指紋模組增長下調至少於5%,指引調整後接近該行對公司智能手機攝像鏡頭模組跌2.5%及指紋模組跌7.4%的預測。
該行指,公司料崑山丘鈦收入於第三、四季分別按季增5%及7%,第三季相機模型出貨量料按季增25%,該行認爲,公司提高使用率及降低成本有助於其毛利率於下半年復甦。
該行表示,將公司今年、明年及2024年每股盈測分別由0.46元人民幣(下同)下調至0.34元,0.69元下調至0.61元、0.78元下調至0.73元,並將其目標價由4.9港元下調至4.2港元,維持評級「中性」。(ca/k)
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