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.
大行評級|星展:上調中芯國際目標價至37港元 短期復甦前景穩健
星展發表研究報吿指,預期中芯國際2024財年的盈利下跌39.8%後,2025財年的盈利增長將回升74%至9.45億美元。雖然晶圓產品均價疲弱,但由於消費電子產品復甦浪潮及智能手機終端市場需求改善;及中國推出更多新產品,如人工智能、SoC及汽車晶片,預期產能利用率及毛利率將會回升。該行相信,中芯的產能利用率已經見底,並將於2025年維持在89%以上的水平,而全球平均水平則為76%。報吿引述中芯管理層指,預測2024財年第四季收入按年增長26至28%,毛利率按季增長2至4個百分點,符合預期。星展考慮到晶圓均價較低,將2025財年的盈利預測小幅下調2%,而2026財年預測則下調1%。該行維持中芯H股的“買入”評級,料其短期復甦前景穩健,目標價由24港元上調至37港元。
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