《大行報告》匯豐研究上調ASM太平洋(00522.HK)目標價至155元 評級「買入」
匯豐研究發表報告將ASM太平洋(00522.HK)的目標價由143元上調至155元,意味著比昨日收市價(100.1元)有54.8%的上升空間,評級維持「買入」。主要的下行風險包括客戶削減訂單或資本支出週期的放緩。
匯豐研究將ASM太平洋2021財年和2022財年的每股盈利預測分別提高8%和5%,以反映更好的利用率和表面貼裝技術(SMT)業務的產品組合令毛利率改善。新的2021財年和2022財年毛利率預測分別為40%和40.1%,而2021財年和2022財年的每股盈利預測分別為6.18元和7.6元,均比共識預期高。
匯豐預計,今年下半年在系統封裝和先進封裝工具的推動下,SMT業務仍將是強勁的盈利驅動力,並可能有助於改善毛利率。
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