大行評級 | 高盛:中芯國際(0981.HK)第三季純利勝市場預期 維持買入評級
格隆匯11月12日丨高盛發表研究報告指,中芯國際(0981.HK)第三季收入按季升5%,稍爲好過集團目標,毛利率亦符合目標發市場預期,純利約3.21億美元,較市場預期高12%。維持對其“買入”評級及37.6港元的目標價。
報告表示,中芯上調今年全年的業績目標,當中收入按年增長39%,毛利率約於30%的水平。而集團目標第四季收入按季增長11%-13%,毛利率爲33%-35%,均優於市場預期。考慮到中芯第三季業績和第四季目標後上調其2021-23年的盈利預測,當中收入預測上調4%-8%,以反映內地消費者強勁的需求和產品組合獲改善下,帶動出貨量和平均售價上升;同時分別上調營業利潤及純利預測分別13%-17%和11%-14%。
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