《大行》花旗:ASMPT(00522.HK)最壞情況或已過去 評級「買入」
花旗發表報告指,ASMPT(00522.HK)第二季業績及第三季指引符合預期,認為業務前景正趨於穩定,次季收入按年增長2%至34億元,達到此前指引中位數,毛利率按季下跌1.2個百分點至39.7%,好過市場預期的39%,受5,200萬港元匯兌損失的影響,淨利潤錄1.31億元,略低於市場預期的1.47億元。
公司預計第三季收入介乎4.45億至5.05億美元,以中位數計算料按年增長11%,同樣符合市場預期。花旗認為,ASMPT經歷過經營艱難的上半年後,最壞時期或已過去,憧憬主流業務在下半年持續改善,其盈利或止跌回升。
花旗預測ASMPT未來收入及盈利復甦將受惠於今明兩年TCB設備訂單穩健、半導體及SMT業務趨向穩定等推動,預期AI帶動AP業務收入貢獻提升,亦有望推動估值重估,給予「買入」評級,目標價65元。
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