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.
研報掘金|華泰證券:看好港股半導體制造板塊估值修復行情
華泰證券發表報吿指,在消費電子需求保持復甦的態勢下,國內晶圓代工龍頭產能利用率有望保持覆蘇趨勢,業績有望持續向好。在基本面見底後穩健回升的支撐下,看好後續港股半導體制造板塊估值修覆持續性。報吿指,今年以來,代工行業呈現兩大分化,分別是先進對成熟。上半年高端智能手機及AI需求強勁,3/5nm滿載,台積電營收高速增長且股價領跑板塊;但成熟製程較為低迷,聯電、世界先進等1至8月累計營收僅按年個位數增長。而內地在地化生產需求以及手機、家電等產業鏈補庫存驅動下,內地廠商如中芯、華虹上半年產能利用率約90%明顯優於海外的約70%如聯電。自9月中旬以來,中芯、華虹估值和股價快速修復,在終端需求持續修復背景下,本輪半導體制造板塊估值修復有望持續。
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