金吾财讯 | 招银国际上调丘钛科技(01478)的目标价至6.79港元（前值：6.43港元），基于13倍FY25E P/E，主要原因是该行认为2025上半年在中国手机补贴政策推动下，丘钛科技是安卓需求增长加速的主要受益者。公司在今周也发布了盈喜，因此该行将公司FY25-26E每股收益上调了6-12%，主要是考虑到FY25/26E更优的安卓手机需求和公司2024盈喜预告。
展望2025年，该行看好中国智能手机补贴政策持续推进、公司非手机摄像头模组（汽车/AR&VR）和超声波指纹模组业务的增长。该行预计，公司FY25/26E净利润将分别同比增长102%/30%。该股目前估值为2025年市盈率11.4倍，该行认为具吸引力。重申“买入”评级。
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