[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio6188e688":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio6188e688","美银力挺SK海力士(SKHY)：存储超级周期势头正劲，股东回报剑指100万亿韩元","\u002Fdoc\u002Fdcio6188e688","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>美股投资网获悉，美国银行维持对韩国存储芯片巨头SK海力士(SKHY)的“买入”评级，目标价为250美元。美国银行强调了多项投资要点，包括存储供应短缺、长期协议(LTA)增加以及高利润率等。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>由Simon Woo领衔的美国银行分析师团队指出，所谓“降配”现象——即每台设备或GPU\u002FCPU的存储含量减少——目前主要发生在PC、智能手机以及低端GPU\u002FASIC领域。美银强调，这反映的是存储芯片供应短缺，而非终端需求下滑。对于高端应用，包括下一代GPU，相关厂商将持续采用高存储含量配置，不会出现降配现象。尽管部分新晶圆厂正在建设中，但洁净室空间依然紧张，DRAM和NAND晶圆产能扩张均受限制。综合以上因素，美银判断，存储供应即使在长期维度上也将维持紧张格局。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>在商业模式层面，美国银行指出，随着长期协议(LTA)不断增加，存储芯片平均销售价格(ASP)有望趋于稳定，不再呈现过往的大幅波动特征。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>股东回报方面，SK海力士重申了超过50%的股东回报率政策，其中包含近期宣布的40万亿韩元股票回购计划。美银预计，除了该笔回购外，SK海力士还将就2026年业绩派发约30万亿韩元股息，股息与回购的比例约为40:60。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Woo团队表示“我们认为，剩余可支付的自由现金流(FCF)有望在2027年3月年度股东大会之后，于2027年4月以股息或回购相结合的方式进行支付。随着存储芯片超级周期驱动ASP和销量双双增长，SK海力士2027年自由现金流有望超过200万亿韩元。这将支撑公司在2027年实现超过100万亿韩元的股东总回报金额。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>周三美股盘后，英伟达强劲的营收指引带动芯片股走强，SK海力士ADR盘后上涨5%至165.92美元。此前有消息称，三星电子与SK海力士计划在今年下半年增加对英伟达的8层HBM4内存供应量。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>周四上午，韩国Kospi指数一度上涨2.8%，SK海力士韩股上涨3.7%。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>最专业的美股资讯,推荐美股大数据 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]