《大行報告》瑞信下調ASM太平洋(00522.HK)目標價至112元 評級「跑贏大市」
瑞信發表研究報告指,ASM太平洋(00522.HK)第三季業績表現較預期理想,盈利按年增長4.8倍至10億元,較預期高出22%-29%,收入超出公司增長指引的上限,毛利率按季持平於40.6%,符合瑞信預期。
瑞信認為,隨著戰略舉措實施、產品組合調整及成本控制,毛利率可持續改進,2022年料保持較高水平,將2021至2023年每股盈利預測上調10%、1%及1%,但基於預測市盈率16.1倍,將目標價下調8%至112元,維持「跑贏大市」評級。
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