智通财经APP获悉，高盛发布研报称，在中国自身设计芯片及交予专业代工厂的半导体公司(即无厂半导体公司)需求上升，而针对中国市场的需求有利于晶圆代工厂中芯国际(00981)，受惠需求可驱动利用率和毛利恢复;加上公司持续稳定的产能扩张及新的AI机会，该行对中芯国际感到乐观。高盛予中芯国际“买入”评级，目标价由63.7港元上调至73.1港元，相当预测2028财年市盈率40倍(此前36倍)。
该行预期，公司在今年第三季的短期上升趋势将成为催化剂，料收入按季增长5至7%，毛利率料在18%至20%之间。该行指出，人工智能的兴起带动对AI计算芯片的需求，预计这将加强中芯国际的长期增长机会。该行整体预计中芯国际2025至29年的收入年复合增长率为21%，毛利率将由今年的21%回升至2029年的28%。该行预计，由于AI及无厂半导体公司强劲增长，将支持中芯国际的销量和均价，将公司2028至2029年的收入预测上调0.4%及2%，同时，将毛利率预测上调0.4和0.6个百分点，因此带动期内每股盈测分别上调3%和7%。
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