《大行報告》高盛上調ASMPT(00522.HK)目標價至91元 評級「買入」
高盛發表報告指出,ASMPT(00522.HK)管理層對近期整體半導體市場放緩持謹慎態度,但繼續看好汽車及先進封裝業務的強勁勢頭,另預期今年首季訂單量與季節性一致(按季升10%至20%),表面貼裝技術(SMT)訂單保持在高水平,半導體解決方案業務訂單將由去年第四季的低基數下有所恢復。
該行維持對ASMPT中長期前景的正面看法,並預期公司將於今年第二季至第三季出現轉捩點,估計屆時收入增長按季及按年應一同轉正。
該行對ASMPT的今明兩年收入預測上調各3%,主要由於汽車SMT業務的收入增加;對公司毛利率各上調0.5個百分點,以反映更好的產品組合和公司在成本控制方面的努力。
此外,該行對ASMPT今明兩年經營溢利分別上調15%及14%,每股盈利預測上調各13%及12%,預期2025年公司收入及純利分別按年增長14%及24%。高盛對ASMPT目標價由81元上調至91元,評級「買入」。
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