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《大行報告》大和降中芯(00981.HK)目標價至16元 料今年「量增價跌」
阿思達克 02-08 11:57
大和發表報告指,中芯國際(00981.HK)今年可能面對銷量上升、但價格下跌的情況,其末季業績及指引反映對核心盈利能力看法悲觀,價格競爭或影響利潤率,雖然公司展望可能對大和分析造成下調風險,但該行仍然對周期性復甦保持正面立場,維持其H股「持有」評級,目標價由21.4元下調至16元。 中芯去年第四季純利1.87億美元,較該行預測高出56%,主要因為補貼及利息收入增加,扣除相關的非經常性項目,核心經營表現遜預期,而公司指引首季度收入按季持平,亦差過該行預期。
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