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《大行報告》美銀證券下調中芯(00981.HK)目標價至16元 面臨美國潛在制裁風險
阿思達克 09-29 14:29
美銀證券發表研究報告指,中芯國際(00981.HK)正面對更多與美國潛在制裁相關的負面消息,若未來業務擴張計劃因而受影響,台積電(TSM.US)及其他台灣代工廠或從中受惠,市場份額或會上升。

美國商務部早前表示,出口予中芯的設備或被用作中國的軍事用途。該行認為,受潛在禁令影響,中芯未來或較難從供應商手上購入高端的半導體設備,阻礙其研發14納米以外的晶片,同時中芯14納米大客戶之一華為被美國制裁,亦打擊其收入。

美銀預期,中芯產能利用率下降,加上美國出口限制,將2020至2022年每股盈利預測下調52%至53%,大削目標價,由26元降至16元,重申「跑輸大市」評級。

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