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大行評級|中銀國際:上調中芯國際目標價至50.4港元 上季業績符合預期
格隆匯 02-13 10:37
中銀國際發表研究報吿指,中芯國際上季業績符合預期,當中毛利率超出指引範圍上限。公司管理層預期這勢頭將在今年首季持續,惟下半年或將受壓,源於需求提前的影響以及行業產能供應增加。該行表示,中芯過去12個月股價已累升逾2.3倍,以市賬率計估值已升至2.3倍創歷史高位。由於短期內的風險回報吸引力下降,加上需等待更好的買入時機,將其評級由“買入”下調至“持有”,H股目標價由31.5港元上調至50.4港元。
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