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《大行报告》瑞信上调中芯(00981.HK)目标价至28元 评级「中性」
阿思达克 03-31 09:54
瑞信发表研究报告指,中芯(00981.HK)对维持经营和扩产方面有信心,与去年底该行预期实体清单只不容许先进工具的假定一致。

该行指,公司有潜在突破瓶颈与特定产品提价的可能,今年销售增长预测由7%上调至13%,高於其他券商预期。公司维持今年43亿美元资本开支预期,以增加8寸和12寸晶片的产能,因应资本开支占销售比例近100%,令毛利受限於15-19%(mid- to high-teens),经营溢利维持低单位数。

该行维持中芯「中性」评级,目标价由19.6元升至28元。

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