瑞声科技(02018.HK) 刚发盈喜，预计2024年度净利介乎17亿元至18.15亿元人民币，按年增加130%至145%。大华继显发表研报指，瑞声科技盈喜的中间点较该行及市场预期，分别高出12%及5.2%。另外，由于产品组合显著改善，其光学业务很可能实现超出预期的业绩。
大华继显表示，上调对瑞声科技手机业务的收入预期，主要基于预计随人工智能智能手机普及率加速，规格升级趋势将更加良好，因此将2025至2026财年收入预测，分别上调1.2%及1.8%。并将2024至2026财年毛利率预测分别上调0.8、1.2及1.4个百分点，至分别23.1%、23.7%及24.5%。
大华继显亦下调对瑞声科技2025至2026财年的营运费用预测，因为预期该公司的营运规模将有所扩大，加上且成本控制将持续改善。另外，该行将瑞声科技2024至2026财年各年盈利预测分别上调11.3%、26.7%及27.8%。
大华继显将瑞声科技H股目标价由38.1港元上调至48港元，维持“持有”评级。(js/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-02-13 16:25。)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.