【大摩：升华虹目标价至28港元 Fab 9投资进展顺利】金十数据11月8日讯，摩根士丹利发表研报指，华虹半导体(01347.HK)今年第三季度营收5.26亿美元，按季升10%，按年则跌7%，毛利率为12.2%，表现略胜指引。另外，华虹整体利用率(UTR)达105%，明显胜于第二季度的98%。大摩引述华虹管理层指，12吋晶圆需求依然强劲，至于8吋晶圆平均销售单价(ASP)仍将面临一定的价格压力。大摩提及，华虹2025年下半年的晶圆价格上涨步伐弱于预期，主要由于终端需求环境疲弱。不过华虹新的12吋晶圆厂(Fab 9)投资进展顺利，或有助于提高整体销售均价，至于产能扩张亦可能继续成为其2025财年的收入驱动力。大摩将华虹H股目标价由26港元升至28港元，重申“增持”评级。
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