市況評論

作者

徐文輝先生 (Tsui Man Fai)
高級交易員

現任職輝立交易員,對投資股票、期權經驗豐富。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
電話:
3651 7385

Company Introduction – Intel. Corp (INTC:US)

2020年4月1日 星期三 觀看次數2460

As required by management, this year I will give an introduction on some companies in the assigned sector. The first company I will introduce here is Intel Corp., which has their stock traded in US, Mexico and Chile.

 

Basic Introduction

Intel Corp. is founded in 1968. The Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

 

Business Highlights

1. The Corp. has begun shipping 10nm-based 10th generation Intel® CoreTM processors, previously referred to as Ice Lake.

2. The Corp. also began shipping engineering samples of Intel® Agilex™ FPGAs to customers. The 10nm-based FPGAs are used to develop advanced solutions for networking, 5G, and accelerated data analytics.

3. A portfolio of data-centric solutions consisting of 2nd generation Intel® Xeon® Scalable processors, Intel® Optane™ DC memory and storage solutions has introduced, those technologies optimized to extract more value from the data obtained by their users.

 

Business Performance

In 2019, the Corp. revenue increase 1.7% to 72.0Bil (USD), the growth is mainly driven by the data centric sector (which include the DCG, IOTG, NSG, PSG segments), while the growth of PC centric segment remain flat. The diluted EPS increase 5% to $4.71. The PC-centric (CCG) segment still contribute more than half of the revenue(52%), but the data-centric segment has higher growth potential, the management is focusing on the development of this segment.

 

Risk and Challenge

1. The highly competitive environment in both PC-centric and data-centric market.

2. R&D progress is the main factor of the company competitiveness; any delay or failure means lag behind with the market competitor will greatly affect performance.

3. The uncertainty of global economic condition may cause reduce on sales.

 

Market Information

Closing price(10/3/2020): USD$53.98

P/E: 10.81x

P/B: 3.33x

EV/EBITDA: 7.64x

Current ratio: 1.40x

Debt/Equity: 38.33%

Reference

Company annual report, 2019

www.marketwatch.com

 

 

I, Tsui Man Fai, am a licensed person under the Securities and Futures Commission. Until the date this commentary was published, neither I and/or my affiliates are the beneficiary of the securities mentioned herein or are entitled to any financial interests in relation thereto.

 

 

研究報告由輝立証券集團旗下於香港證監會持牌的輝立証券(香港)有限公司及/ 或輝立商品有限公司(“輝立”)所發報。本文所包含的資料均為輝立從相信為準確的來源搜集。輝立對有關報告所引致之任何損失或虧損概不負責。本報告所載的資料只供参考用途,並沒有法律約束力,亦不構成投資建議、邀約、購入、出售任何產品。
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輝立(或其僱員) 可能持有本文所述有關的投資產品。此外,輝立(或任何附屬公司)隨時可能替向報告內容所述及的公司提供服務、招攬或業務往來。
以上資料為輝立擁有並受版權及知識產權法保護。除非事先得到輝立明確書面批准,否則不應複製、散播或發佈。
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