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》摩通:台積電今年增長前景更強勁 評級「增持」
阿思達克 01-19 10:28
摩通發表報告指出,台積電(TSM.US)披露去年第四季的業績勝預期,並預期在3納米製程(N3)強勁增長和人工智能(AI)驅動的高效能運算(HPC)增長下,公司今年可實現非常強勁的增長,以美元計收入增長約20%至25%。 展望今年首季,台積電料以美元計的收入中位數按季跌6%,低過該行預期跌4%,但毛利率預測為53%,較市場預期的50%至51%為高。公司重申長期收入複合年均增長率15%至20%的目標,並指2納米製程(N2)進展順利,在類似的增長點上,市場對N3的興趣更大。 此外,台積電提高其數據中心AI收入貢獻的指引,由原來的低十位數上調至2027年的高十位數,主要由於對AI需求加速。而公司與英特爾(INTC.US)的競爭仍然劇烈,公司重申其N3P應與匹敵英特爾的18A技術相當,並且在密度和能源效率方面處於領先地位。 該行預期台積電的股息從2023至2027年將翻倍,並料由於公司對今年首季收入及毛利率指引好過預期,市場或對其今年每股盈利預測上調4%至5%。該行對公司評級「增持」,目標價750新台幣。
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