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《大行報告》富瑞:手機元件廠商優於OEMs 首選舜宇(02382.HK)和卓勝微(300782.SZ)
富瑞發表報告,認為手機元件廠商較原設備生產商(OEMs)優勝。該行近日與智能手機供應鏈的管理層見面,並與一名代工廠商的推廣專才舉行會議,業內人士認為,智能手機銷量復甦,不過增幅只有單位數,估計今年手機規格提升主要集中於鏡頭,估計高端鏡頭、攝像模組、影像感測器的需求將會提升。 該行認為,手機鏡頭規格提升,對業界的利潤率有利,看好舜宇光學(02382.HK)前景,主要因為規格提升推動平均售價及毛利率增長,帶動盈利改善。 報告又指,內地電訊商對銷售手機的補貼,將會集中在高端或低端產品,例如華為及榮耀的高端手機,估計蘋果(AAPL.US)iPhone在中國的市場份額有下跌壓力,電訊商的政策將會利好舜宇及研究射頻集成電路的卓勝微(300782.SZ)。
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