大行评级|瑞银:对中芯国际看法转趋正面,评级升至“买入”

格隆汇
Aug 10
瑞银发表研报,对中芯国际看法转趋正面,将其评级由“中性”上调至“买入”,目标价由76港元上调至96.2港元。该行预期,受惠于本地化需求上升、半导体上行周期库存补充、产能利用率健康、均价改善及先进制程贡献增加,中芯2026至2028年收入复合年增长率将达23%,高于2025年的16%同比增幅。毛利率方面,尽管折旧成本高企,但受惠于定价、利用率及产品组合改善,预期毛利率将由2025年的21%提升至2026至2028年的22%至28%。

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10