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《大行報告》大摩:ASM太平洋(00522.HK)季績強惟需求端弱 維持「與大市同步」評級
阿思達克 04-21 14:39
摩根士丹利發表研究報告指出,ASM太平洋(00522.HK)首季收入按年增長21%至6.75億美元,按季則跌15%;受惠於更佳的產品組合,毛利率40.6%,勝該行及市場預期。公司預期第二季收入按季增長5%,主要由於對汽車和先進封裝相關工具的訂單需求強勁。監於收入規模下降以及預訂量增加,公司訂單對付運比率由去年第四季的0.85,增長至今年首季的1.34。 該行認爲,基於消費科技終端需求惡化,關注今年下半年引線焊接機訂單或有轉弱風險,加上後端供應鏈顯示後端代工廠的訂單已開始削減,因此對ASM太平洋維持「與大市同步」評級,但不排除未來幾個交易日公司股價將有所上升。目標價88元。
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