《大行》星展降中芯(00981.HK)目标价至87.4元 具重估潜力维持“买入”评级

阿斯达克财经
Feb 20

星展集团研究部发表研报指,中芯国际(00981.HK) 作为中国领先的7nm级别晶圆代工厂,具备最广泛的12英寸产能及最先进的本地逻辑制程能力,预期最能受惠于供应链迈向“本地设计、本地制造”的重新布局。该行认为,短期内中芯利润率主要是受到折旧所影响而非需求受限,目前预计今年利润率将维持于十几至二十几个百分点的水平,潜在上行空间主要来自新产能的良率及使用率提升,以及产品组合调整,而非产品广泛提价。...

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