《大行報告》匯豐研究上調ASMPT(00522.HK)目標價至83元 評級「持有」
匯豐研究發表報告指,相信ASMPT(00522.HK)先進封裝(AP)訂單將於第四季改善,主要是其在熱壓鍵合(TCB)基板方面具競爭力,以及明年首季英特爾(Intel)將推出新平台Meteor Lake。該行指,公司半導體解決方案分部(SEMI)訂單處於近5年低位,主要是受去年緊縮週期加速影響以及庫存消化,公司給予指引SEMI次季訂單按季持平,下行空間有限;SEMI作為領先指標,公司同時指引SMT解決方案分部訂單按季跌5%至10%(SMT業務訂單一般較SEMI滯後6個月)。
基於先進封裝(AP)業務前景理想,及主要業務下行空間有限,該行將集團目標價由60元上調至83元,維持其評級為「持有」。(ca/k)
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