高盛:升中芯(0981.HK)目標價至12.8港元 評級“買入”
高盛發表研究報告指,中芯(0981.HK)
業績及指引均勝預期,以及成熟技術應用(mature node)的強勁需求,故將2020年至2021年度盈利預測調高67%及29%,分別為1.89億美元及2.52億美元,主因受惠收入增加及毛利率上升。同時,將2019年至2021年度收入預測調高2%/1%/1%,分別為31.19億美元、36.72億美元及42.07億美元,而目標價由11.5港元升至12.8港元,重申評級“
買入
”。
另外,該行出席業績會議後得出以下重點,包括中芯14納米、12納米及FinFET N+1進展穩定、明年增長更強勁,以及成熟技術應用需求增加。因此,該行重申對中芯正面看法,因技術加快遷移和半導體本地化均推動2020年至2021年度強勁盈利增長。
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