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》高盛升台積電(TSM.US)目標價至98美元 評級「買入」
阿思達克 12-08 11:41
高盛發表報告,維持對台積電(TSM.US)長期增長展望的建設性看法,喜好其科技領導地位及執行力,在捕捉行業長遠結構增長上較同業有更佳定位,特別是5G、AI、HPC及電動汽車領域,美股目標價由89美元上調至98美元,評級「買入」。 報告稱,受累去化率及庫存消化遜預期,下調對台灣晶圓代工廠的預測,料明年上半年行業谷底較原先預測更低,特別是,由於核心客戶維持疲弱,料有更多5及7納米訂單被削。因此,高盛下調明年上半年台灣晶圓代工廠產能利用率估算,料台積電明年上半年5及7納米的產能利用率,分別為70%至80%,以及45%至50%,較今年末季的分別約100%及90%為低。 在成熟技術板塊,該行料12英寸較8英寸或其他前緣款式的產能利用率更具韌性。此外,核心亮點在於28納米,該行料明年搭載率仍高企。 該行並料台灣晶圓代工廠定價策略將分化,料明年台積電受惠強勁定價能力,明年將提價約5%。至於二線代工廠而言,料聯華電子定價仍穩定。 展望未來,該行料台灣晶圓代工廠板塊明年下半年可健康復甦,系統內庫存料在明年中逐漸回復至更正常水平。此外,高盛相信行業整體資本開支減幅將遠少於明年上半年產能利用率跌幅,意味明年下半年訂單展望仍佳。另台積電及聯華電子整體定價展望仍相對具韌性,料庫存調整周期更多是純粹周期性影響。該行稱,在近期股價反彈前,台積電、聯華電子及世界先進股價均大幅回落,料股價已反映短期弱勢。
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