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大行評級|瑞銀:上調中芯國際目標價至43港元 評級升至“中性”

瑞銀髮表研究報告,將中芯國際的評級從“沽售”上調至“中性”,目標價從14港元上調至43港元,解釋此前給予“沽售”評級是基於對中芯遭列入美國實體名單所帶來的營運挑戰、業務規模大幅擴張導致的毛利率潛在下行以及成熟代工產能過剩等感到擔憂。

瑞銀續指,目前認爲中芯已證明自身有能力應對經營挑戰,業務擴張計劃未受到重大影響,因此對其前景看法亦變得更爲正面,將2026年盈利預測從近10億美元上調42%至14.19億美元,但計及產能利用率受到一次性因素影響而暫時下降,將今年度盈利預測下調23%至11.16億美元。

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