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《大行報告》野村降ASMPT(00522.HK)目標價至75元 反映估值下調及經營開支比率上升
阿思達克 10-27 10:58
野村發表研究報告指出,ASMPT(00522.HK)第三季銷售達5.81億美元,為指引範圍5.6億至6.3億美元的下限,與該行早前預期一致,並預期第四季訂單將持續下跌。季內純利達6.17億港元,較市場預期高,主要由於較高的毛利率及部分外匯收益,抵銷營運支出比率上升。 該行認為,考慮到ASMPT的訂單接近2019年下行周期水平,市賬率處於歷史低位,維持對公司「買入」評級,但將其目標價由95元降至75元,以反映公司估值下跌及營運支出比率上升。
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