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中芯國際業績怎麼看?花旗中金看法不一
uSMART盈立智投 02-08 09:18

彭博新聞社報道,花旗表示,預計中芯國際今年將錄得經營虧損,面對美國政府的限制,公司指引顯示距離營運層面的盈虧平衡還很遠。

花旗分析師Roland Shu等人在報告中表示,中芯國際四季度毛利由三季度的24.2%降至18%,因鰭式場效應晶體管(FinFET)需求疲軟。

公司四季度收入亦下降,但淨利潤同比增長,得益於持續的政府補貼和非經營性所得。

中芯國際經營效率仍是投資者的主要擔憂。

將目標價由20.3港元下調至14.6港元;維持中芯國際港股賣出評級

中金公司分析師Ning Ding等人在報告中表示,中芯國際2021年一季度收入指引強勁,但全年預測謹慎,因美國出口許可批準面臨不確定性,而FinFET產能閒置。

上調2021年盈利預測28%至4.31億美元,因非FinFET產品需求仍強勁,且產品均價有望上升。

上調中芯國際港股目標價24%至31.5港元,A股仍爲65元人民幣

維持中芯國際港股和A股跑贏行業評級。

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