建银国际:维持瑞声科技(02018)“跑赢大市”评级 升目标价至54港元

智通财经
20 Feb

智通财经APP获悉,建银国际发布研报称,维持对瑞声科技(02018)“跑赢大市”评级,目标价由40港元上调至54港元。瑞声日前发盈喜,预期去年净利润达17亿至18.15亿元人民币,同比增长1.3倍至1.45倍,高过市场及该行预期,意味着去年下半年净利润同比增长97%至117%,达11.63亿至12.78亿元人民币。公司认为增长由于全球智能手机市场的复苏;各业务板块产品规格升级对产品组合产生的积极影响;经营效率的提升。

该行预期,瑞声去年声学业务收入同比增长16%;去年第四季光学业务扭亏为盈,并有望于今年持续改善。此外,该行料其去年电磁传动业务收入同比增长9%。该行相信瑞声未来有多个增长驱动因素,包括声学业务稳定、电磁传动与精密构件业务的市占率增加,以及光学业务的盈利能力改善。

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