CXMT's Global Revenue Share Could Continue to Rise

Dow Jones
09/29

0836 GMT - CXMT's global revenue share could rise to 13% in 2028 from 10% this year, Bernstein analysts say in a research note. That implies an around 50% self-sufficiency rate for the DRAM needs of Chinese companies, they say. Non-Chinese companies are also likely to use CXMT's products for China and other non-U.S. markets, implying ample growth headroom for CXMT, they add. The chip maker's DRAM prices should largely follow the industry's before gaining resilience in 2028 on Chinese demand, the analysts say. Bernstein maintains its outperform rating on CXMT with a target price of 70 yuan. Shares last ended at 55.55 yuan.

 

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