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《大行報告》瑞信上調ASM太平洋(00522.HK)目標價至119元 升級「跑贏大市」
阿思達克 07-27 10:22
瑞信發表的研究報告,將ASM太平洋(00522.HK)評級由「中性」升至「跑贏大市」,目標價由89元升至119元,認為上半年公司所受的壓力已反映在股價上,而公司盈利亦已見底,相信尤其是5G智能手機的訂單可見性將有改善,而2021年的資本開支週期亦將有改善。

該行估計次季公司收入將按年升19%至43億元;而毛利率可達35.5%,按年收窄0.2個百分點,按季則升2個百分點,符合公司的指引,而淨利則有機會低於市場預期,主要受經營開支及稅項所拖累,但認為相關因素已反映。

該行稱,ASM太平洋次季訂單符預期,按季呈雙位數跌幅,當中半導體解決方案及物料業務呈弱勢,但先進封裝業務增長勢頭則持續,估計第三季訂單按季跌單位數,按年則上升,而第四季訂單則料高於季節性水平。

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