You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》瑞銀上調華虹半導體(01347.HK)目標價至17.5元 評級「沽售」
瑞銀發表研究報告指,華虹半導體(01347.HK)第二季收入按季增長4%至6.21億美元,高於增長指引約6.15億美元,主要來自於廣泛需求復甦及產品均價改善。 華虹管理層預期消費終端市場需求放緩的影響屬可控,並正在尋找提價的機會。但瑞銀指出,在目前的宏觀不確定性、廠商持續去庫存及代工供需正常化的背景下,認為影響將反映在供應鏈層面上,預計華虹產能利用率將在第四季開始調整,並在明年降至80%至90%。 華虹第三季收入增長指引為按季增長0.6%,瑞銀預期代工定價能力進一步減弱,考慮到下半年代工供需格局發生變化,估計華虹明年或遇到定價下行風險,預測8英寸及12英寸均價至明年將下降6%及5%,2023至2024年毛利率料回落至26.5%及24.7%。 瑞銀將2022至2023年基本每股盈利預測上調18%至26%,以反映近期經營情況及毛利率回落速度較預期慢,目標價上調至17.5元,但維持「沽售」評級。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account