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《大行報告》高盛:中芯(00981.HK)受美制裁限制 按兩情境評估影響 暫維持基本預測
阿思達克 10-05 14:42
高盛發表研究報告,指出中芯國際(00981.HK)在昨日(4日)通過新聞稿確認某些供應商在向其出口產品之前,需要申請出口許可證。公司指,將會繼續就此事與美國政府相關部門進行溝通。

該行指,雖然對貿易情況或許可證的結果不抱任何看法,但較早前曾就對公司的先進技術應用及成熟技術應用兩大業務的潛在影響作分析。情景一先進技術應用業務沒有任何擴張,在此情景下公司的資本開支將會減少約45%,而收入則會在2020至2028年間下跌約15%;情景二是先進技術應用及成熟技術應用均沒有擴張,在此情景下資本開支將會下跌約90%,純利則會減少約50%。兩種情況之間的分別在於中芯是否仍能從非美國供應商獲得成熟技術應用設備。高盛暫維持對中芯基本預測,目標價維持28.7元,評級「買入」。

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