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《大行》高盛維持中芯(00981.HK)「買入」評級 看好中國本土需求帶動增長
阿思達克 08-08 10:50
高盛發表研報指,中芯國際(00981.HK)第二季收入按年增長16%,較該行及市場預期分別高出4%及2%,毛利率錄20.4%,略高於公司指引及市場預期,主要受惠於產能利用率提升至92.5%,對比首季為不足90%。 第三季集團收入指引為按季增長5%至7%,符合市場預期,毛利率維持18%至20%的指引,略低於高盛預期的20.6%及市場預期21.1%。憧憬中國本土需求可帶動長期增長,高盛維持中芯的「買入」評級,目標價63.7元,認為雖然定價競爭與折舊壓力存在,但相信隨產能利用率改善及12英寸廠量產,毛利率仍有望逐步回升。
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