研報掘金丨天風證券:高偉電子有望導入iPhone後攝模組業務,予目標價29.81港元
天風證券研報指出,預計高偉電子(1415.HK)有望導入iPhone後攝模組業務,並受益於蘋果VisionPro後續成長性,此外預期激光雷達產品起量,或打開公司第二增長曲線。2023年在預期全球經濟緩步回穩下,手機相機模組出貨量將年增3.6%,達46.2億顆。攝像頭模組市場規模預計將從2023年的494.6億美元增長到2028年的761.0億美元,複合年增長率為9%,全球攝像頭模組市場CR5為59%,高偉份額僅佔2%(20年)。蘋果FC 攝像頭封裝技術入場壁壘高,高偉技術優勢築護城河。該行測算給予24年20倍PE估值,對應目標價29.81港元。
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