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《大行報告》高盛微升中芯(00981.HK)目標價至21.8元 評級「中性」
高盛發表報告,預計中芯國際(00981.HK)將實現第二季指引,第三季收入將按季增長6%,與季節性因素一致,並受到本地客戶對成熟製程如連接IC和驅動IC需求所推動。 不過,高盛指,由於整個晶圓代工行業的利用率較低,且客戶的庫存調整持續到第三季,預計中芯國際的晶圓平均售價將在未來幾季下降。較低的晶圓平均售價和利用率可能會拖累利潤率。對未來財報的關注重點是今年下半年至明年的資本支出和產能擴張計劃、客戶庫存消化進度、晶圓定價趨勢和需求前景。 該行將中芯2025至2028年收入預測上調1%,2024至2028年盈利預測上調1%至2%。目標價由21.4元微升至21.8元,評級「中性」。
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