《大行报告》中金:内地半导体缺货问题和中芯(00981.HK)列入实体清单备受关注
中金发表研究报告,指在半导体行业中,近期的供应短缺和中芯国际(00981.HK)被加入实体清单事件,成为投资者关心的问题,而在该行研究的34家半导体公司总市值近一个月内上涨2%,与沪深300表现基本相同,但日平均交易量增17%。
展望2021年1月,该行建议投资者可关注行业相关公司的业绩预期披露情况及缺货的可持续性,虽然2021年华为需求下降,但仍然看好 1)海思替代及 2)中国本土巨大市场培育的成熟工艺设计、代工的增长机会。而先进设备的进口可能受限,可能会加速国内设备商的替代,建议投资者关注设备板块。
该行维持对行业的评级和目标价不变,中芯目标价为25.5元,ASM太平洋(00522.HK)为115元,评级均为「跑赢行业」。
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