大行評級|里昂:下調華虹半導體目標價至19.3港元 下調2024及25年盈測
里昂發表研究報吿指,華虹半導體次季盈利按季跌79%至約670萬美元,遜於市場預期,主要是由於人力成本上升。該公司管理層對第三季毛利率的指引為10%至12%,同樣低於市場預測。該行表示,由於整體市場仍然疲弱,利潤率温和復甦趨勢反映集團的產品均價正在緩慢增長。公司預計,今年其整體使用率將持續超過100%。
里昂下調華虹2024及25年的盈測51%和3%,以反映利潤率預期被下調,H股目標價相應由19.7港元降至19.3港元,評級由“跑贏大市”下調至“持有”。
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