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《大行報告》花旗下調ASM太平洋(00522.HK)目標價至130元 評級「買入」
花旗發表報告指出,ASM太平洋(00522.HK)今年第三季純利10億港元,按季增長37%,按年增長333%,超過該行及市場預期。另外,,ASM太平洋管理層預測在強勁的未完成訂單總額支持下,估計其今年第四季收入介乎7.2億至7.7億美元。 對於ASM太平洋收購汽車攝像頭設備商Automation Engineering(AEi),該行指對公司將產品線從現有市場擴展到新市場的戰略舉措,具有積極意義。 花旗表示,將ASM太平洋2021財年盈利預測提高約15%,維持對其2022財年收益預測不變,主要由於營運支出控制較佳,對收入疲弱(尤其是智能手機需求)有所彌補。另估計其智能手機相關業務的收入增長放緩,該行降低對其2023財年的收益預測。目標價由173港元下調至130港元,反映對其2022財年預測市盈率21倍,維持「買入」評級。
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