《大行報告》大摩:丘鈦(01478.HK)中績僅達盈警下限 評級「與大市同步」
摩根士丹利發表研究報告指出,丘鈦科技(01478.HK)中期純利1.66億元人民幣,按年跌71%,僅達盈警預測跌50%至70%的下限。攝像頭模組及指紋識別模組收入分別按年跌23%及40%,均價各跌19%及34%。公司對全年攝像頭模組及指紋識別模組的出貨量預測指引,分別下調至跌少於5%,但維持對非智能手機模組出貨量預測增長大過100%的目標。
該行認爲,雖然丘鈦下半年難見強勁復甦,產品均價仍面臨下行壓力,但公司似乎處於下行週期的後期,而管理層強調近期出貨量改善,以及相機規格升級將是2023年的復甦關鍵驅動力。該行對公司評級「與大市同步」,目標價5.1元。
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