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《大行》星展升ASMPT(00522.HK)目標價至68元 維持「持有」評級
阿思達克 07-24 15:42
星展研究報告指,ASMPT(00522.HK)在毛利收窄下,次季盈利按年跌1.7%,第三季收入指引按年升11%,由AI推動先進封裝業務帶動;兩者均符合預期。該行將其2025及26年盈利預測分別上調4.8%及2.3%,基於一次性的智能手機大額訂單及稅收抵免;將目標價由66元升至68元,但維持「持有」評級,因預期消費電子相關業務仍需時恢復增長。 該行指,經濟不確定性及中美緊張局勢持續,可能削弱消費電子需求,又料中國電動車及工業客戶的表面貼裝技術(SMT)產能利用率低迷將於今年持續。
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