中芯国际定价环境有利惟折旧压力增,维持“中性”评级

瑞银证券
Feb 13

一、瑞银研报核心观点瑞银华宝发布研究报告,上调 中芯国际 2026至2029年的营收预测4%,以反映更大的国产化机会和更佳的供需态势。然而,由于更高的折旧负担,下调了同期盈利预测8%至18%。报告维持对中芯国际的“中性”评级,并给予目标价76港元,基于未来12个月预测3.3倍股价净值比和长期股东权益报酬率11.3%。二、中芯国际去年末季表现及指引中芯国际去年第四季度纯利按季增长4.5%,优于市场...

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