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大行評級|高盛:下調ASMPT目標價至60.2港元 預計主流工具全面復甦需要更長時間
格隆匯 05-06 10:42

高盛發表報告指,將ASMPT的目標價由61港元降至60.2港元,相當於預測明年市盈率15倍,維持“中性”評級。該行對公司的產品進展持樂觀態度,但預計主流工具全面復甦需要更長時間。考慮首季業績遜預期及次季業績指引,該行下調對公司今年淨利潤預測27.1%,明年及2027年淨收入預測各下調4.1%。該行將公司今年至2027年收入預測下調0.2%至0.5%,反映汽車及工業行業客戶復甦速度低於預期。

該行指,熱壓鍵合和先進封裝工具仍是業務增長動力,受惠高頻寬存儲器和AI應用邏輯芯片的技術遷移。系統級封裝SMT工具在第一季度因季節性因素實現訂單增長,半導體和SMT主流工具復甦軌跡仍不明朗。管理層預計第二季度訂單將與前幾季度持平。

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