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》星展:中芯(00981.HK)正受惠於終端需求復甦及晶片加速國產化 維持「買入」評級
阿思達克 07-23 12:09
星展發表研究報告指,作為中國唯一具備7納米製程的晶圓代工廠,中芯國際(00981.HK)正受惠於終端市場需求復甦及晶片國產化加速趨勢,又指電動車市場發展蓬勃及車用晶片應用增加,亦令汽車半導體業務正成為中芯新增長引擎,預期該公司2025財年盈利將增長71%至9.45億美元,主要受產能利用率回升及毛利率改善推動。 該行維持中芯「買入」評級,目標價由53.2元上調至57元,相當預測今年市賬率2.7倍,指出消費電子及智能手機需求改善,加上AI、系統級晶片(SoC)及車用晶片等新產品推出,將抵銷來自晶圓平均售價下降及折舊費用上升對利潤率的負面影響,相信中芯在行業上行周期中估值提升將獲得支持。
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