《大行报告》汇丰研究上调ASM太平洋(00522.HK)目标价至135.5元 评级「买入」
汇丰研究发表报告指,ASM太平洋(00522.HK)去年第四季收入为6.34亿美元,按季增长15.2%,较该行及市场分别高12%及11%,并优於集团最高指引的5.9亿美元。
不过,汇丰表示,集团上季毛利率为28.9%,较该行及市场预期分别低5%及4.8%,主要是由於简化产品组合造成的一次性存货销帐。另外,集团管理层今年首季销售指引按季减少17%,较该行估计的下跌7%为差,但符合市场预期的下跌15.7%。至於新订单指引最少7亿美元,按季上升6%,按年上升5%,主因半导体强劲的订单势头持续。
该行上调ASM太平洋股份目标价,由118元升至135.5元,评级维持「买入」,但今明两年销售预测分别下调3%及4%,以反映集团最新指引。
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