Core Viewpoint - Goldman Sachs expresses a positive outlook on Hua Hong Semiconductor's prospects due to the company's gradual shift towards 40nm/28nm processes and capacity expansion [1] Group 1: Company Performance - The demand from domestic foundry customers is increasing, which supports Hua Hong's growth potential [1] - The local equipment companies have a more complete product line, enhancing Hua Hong's operational capabilities [1] Group 2: Financial Projections - Goldman Sachs raises the target price for Hua Hong Semiconductor by 13% to HKD 87, reflecting a forecasted price-to-earnings ratio of 51.5 times for 2028, up from the previous 45.7 times [1] - The average annual growth rate of earnings per share is projected to be approximately 31% from 2028 to 2029, indicating a strong growth trajectory [1] - The adjustments in projections are based on the latest market correlation regression analysis, highlighting the ongoing revaluation of Chinese semiconductor companies [1]
大行评级丨高盛：看好华虹半导体前景 上调目标价至87港元