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高盛:降ASM太平洋(0522.HK)今明兩年純利預測 升目標價至63.5港元
格隆匯 03-01 16:07

高盛發表研究報吿指,ASM太平洋(0522.HK)的管理層預期,首季的訂單和收入主要由半導體業務帶動。不過,儘管短期內半導體的需求好過預期,該行仍調低ASM太平洋今年及明年度純利預測分別3%及14%,目標價則上調13.4%,由56港元升至63.5港元,相當於15倍2022年預測市盈率,維持沽售評級。

高盛對ASM太平洋仍保持審慎看法,主要由於公司的盈利增長低於先前的復甦週期,加上與該行覆蓋的其他內地半導體品牌相比,公司的市場份額增長空間相對有限。另一方面,公司管理層預期,SMT部門今年將從汽車和工業市場的復甦和增長中受惠。

此外,該行下調公司今、明兩年的收入預測3%和6%,而今年營運溢利預測亦下調4%,明年則進一步下調14%。

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