ASM太平洋(00522.HK):首季新增订单额料强劲 但预期未能与去年同期相比
ASM太平洋(00522.HK)行政总裁黄梓达表示,去年SEMI及SMT业务新增订单总额均创新高,加上成本优化措施,带动经营利润率按年提升10.1个百分点,达18.9%。他透露,早前获得的热压焊接(TCB)近1亿美元大订单,有部分将於首季入账,目前情况来看今年首季新增订单额强劲,但由於去年首季新增订单总额高达逾10亿美元,因此预期今年首季未能与去年同期相比较。
他表示,汽车行业电动化趋势,推动去年汽车解决方案业务收入贡献提升,预期发展趋势持续,未来会加强汽车解决方案及先进封装业务拓展,又指农历新年假期後中国市场客户兴趣已见回升。
对於半导体短缺问题,他认为情况反映出市场供不应求,对作为设备供应商的ASM太平洋是好事,预期短缺情况持续较长时间,未来数季仍会透过增加零部件库存、将产品重新设计以改用替代零件等方式应对,又指若非面对行业挑战,预期首季收入将高於预测的6.4亿至6.9亿美元。
公司全年派发股息3.9元,按年增加约44.4%,派息比率为51%,较2020年的68%下降。他表示,过去十一年派发股息及回购金额为累计自由现金流的80%,认为在业务增长下约50%的派息比率可为股东带来可观及可持续的回报。
问到公司股价是否被低估,他表示,股价走势超出管理层可控制范围,未来会继续专注提升经营效率,又指现阶段无回购计划。
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