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《大行报告》美银证券上调华虹半导体(01347.HK)目标价至24.5元 评级「跑输大市」
阿思达克 05-17 11:06
美银证券发表研究指,华虹半导体(01347.HK)首季录得3,300万美元盈利,毛利率达23.7%,大致符合市场预期,受惠於NOR晶片、CMOS图像传感器及微处理器需求较预期强,首季收入较该行及市场预期高出约5%至6%,8英寸晶圆平均售价按季提升5%。

管理层预期次季收入将按季增长约10%至3,350万美元,毛利率料介乎23%至35%。考虑到公司产能已100%满荷,美银预期次季的增长主要受无锡12英寸厂房的效率提升所推动,预期今年底该厂产能可提升至65k,明年中进一步增至80k。

美银指,由於产品组合限制,华虹半导体产品平均售价较同行低,预期需要一段时间作调整,对今明两年每股盈利预测为0.09及0.12美元,基於需求强劲,将目标价上调至24.5元,但维持「跑输大市」评级。

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