韩国分析师认为,即使存储芯片价格涨势放缓,出货量增加和产品组合改善仍可推动企业利润持续增长。由于供应难以迅速扩大,因此不

智通财经
Oct 14
韩国分析师认为,即使存储芯片价格涨势放缓,出货量增加和产品组合改善仍可推动企业利润持续增长。由于供应难以迅速扩大,因此不应将价格涨幅收窄直接解读为利润下降的信号。三星证券研究员Lee Jong-wook等人指出:“利润率见顶并不一定意味着利润见顶。本轮周期最显著的特点在于利润周期的持续时间。”在供应方面,存储芯片厂商难以像过去那样激进地扩大产能。由于高带宽内存(HBM)生产占用了部分现有产能,而新建生产设施的产能爬坡也需要时间,预计存储芯片价格涨势放缓与企业利润下降之间的时间间隔将有所拉长。基于上述判断,分析师认为,近期股价走弱过度反映了市场对盈利前景的担忧,因此维持对三星电子和SK海力士的“买入”评级。

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