大行評級|美銀:大幅上調華虹半導體目標價至44.5港元 評級升至“買入”
美銀證券發表報告,將華虹半導體的評級從“跑輸大市”上調至“買入”,對其2025/2026年利潤率復甦持樂觀態度。關鍵驅動因素包括中國半導體市場供需重新平衡,晶圓代工企業定價環境改善;與國內外無晶圓廠商的市場份額擴張機會;對美國市場的依賴度低。受晶圓平均售價增長支持,該行預測華虹的營運利潤率將從2024年的-8%改善至2025年的盈虧平衡,並於2026年正常化至12%,同時將2025/2026年每股盈利預測分別上調46%和85%,目標價由17港元大幅上調至44.5港元。
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