ASM Pacific 522

[winston]

vested

https://www.youtube.com/watch?v=uu9e06e3byQ

[winston]

vested

Citi Hikes TP of ASMPT (00522.HK) to $63, Rates Neutral

Citi Research hiked target price of ASMPT (00522.HK) from $46 to $63 and maintained its Neutral rating in a report.

Citi commented that ASMPT's current share price mainly reflects positive factors including better-than-expected first quarter results, but the outlook for order demand remains uncertain and the semiconductor downcycle appears to be longer than expected.

Despite being offset by automotive and industrial SMT tools, demand for mainstream tools and CIS remains sluggish.

Citi believed that group's earnings may have bottomed out, but a fuller recovery may require seeing healthier industry utilization and a rebound in end demand.

The broker raised its FY23 and FY24 earnings forecasts by 29% and 32% to reflect better-than-expected first quarter results.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

vested

ASMPT (00522.HK) Falls Over 5% as 1H23 NP Crashes 64% & Interim Div Drops

ASMPT announced its interim results for the six months ended June this year, with sales revenue of $7.818 billion, down 25.3% YoY.

Net profit was $625 million, declining 64% YoY.

EPS was $1.52.

Interim DPS was 61 cents, compared to $1.3 in the same period last year.

Related News: ASMPT(00522.HK) Interim NP $625M, Down 64%; Interm DPS 61 Cents

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN





http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

ASMPT net slumps

by Themis Qi

Recorded a 64 percent slump in net profit to HK$623.1 million for the first half of the year and expected a drop in revenue for the third quarter.

The chip maker posted first-half revenue of HK$7.82 billion, 25.3 percent lower than a year ago, and bookings slumped 44 percent yearly to HK$6.56 billion.

The gross margin contracted to 40.3 percent, 89 basis points lower than one year ago.

Net profit also fell 64.1 percent yearly to HK$623.1 million, which pushed ASMPT to halve its interim dividend to HK$0.61 per share.

ASMPT blamed the slump on sluggish demand and tightening finance.

The company estimated revenue in this quarter will drop further by about 20 percent, given the slower-than-expected recovery in mainland China.

Source: The Standard

https://www.thestandard.com.hk/section- ... net-slumps

[winston]

vested

G Sachs Trims ASMPT (00522.HK) TP to $93, Rating Buy

Goldman Sachs remained upbeat on ASMPT (00522.HK)'s growth prospects within the advanced packaging segment despite the firm's recent weakness.

Given the 2Q23 results, 3Q23 guidance and the lower earnings assumptions due to revenue contraction, the 2023-25E revenue for ASMPT were lowered by 17%/ 11%/ 3%.

Related News: Macquarie Downgrades ASMPT (00522.HK) to Neutral, Cuts TP to $72.94

The 2023-25E GPM for the company were slashed by 0.7 ppts/ 0.1 ppts/ 0.2 ppts, due to product mix and lower utilization rate.

The 2023-25E earnings were reduced by 49%/ 20%/ 1%.

The target price on the stock was trimmed from $97 to $93, with a Buy rating.

Source: AAStocks Financial News

[winston]

vested

$73 or $105? Or in between? What's "correct" target price for ASMPT?

by Leong Chan Teik

Source: Next Insight

https://www.nextinsight.net/story-archi ... 5308-asmpt

[winston]

vested

M Stanley Estimates ASMPT (00522.HK) Shr Rise in 15 Days

Morgan Stanley issued a strategic research report forecasting a 70%-80% chance of ASMPT (00522.HK)'s shares rising in the next 15 days.

Morgan Stanley pointed out that the Company is a major TCB supplier of 2.5D advanced packaging, with its technology being applied to products such as TSMC's CoWoS and HBM.

Considering that NVIDIA (NVDA.US) will announce its business results for 2FQ24, the management may disclose its growth guidance for the quarter ending October, and the longing demand growth is expected to be a potential catalyst for ASMPT.

Morgan Stanley rated ASMPT at Overweight, with a target price of $88.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

[winston]

vested

ASMPT 3Q NP Down 97.6% YoY to $14.626M, Expects 4Q Rev. to Slide 23%

ASMPT(00522.HK) announced the third quarter results for the three months ended 30 September 2023.

The revenue declined 23.8% YoY to HK$3.474 billion.

The net profit amounted to HK$14.626 million, plummeting by 97.6% YoY. EPS was HK4 cents.

Dividend History
Announce Date Event Particular
2023/07/26 Interim D:HKD 0.61
2023/04/26 Quarter 1 No Dividend
2023/03/01 Final D:HKD 1.9000
2022/10/26 Quarter 3 No Dividend

The Group expects 4Q2023 revenue to be between US$390 million to US$460 million, representing a decline of -23.2% YoY and -4.2% QoQ at mid-point, the announcement added.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

vested

Group Performance at a Glance

Group Financial Highlights for Q3 2023

Revenue of HK$3.47 billion (US$443.9 million), -23.8% YoY and -10.9% QoQ

Bookings of HK$2.96 billion (US$378.5 million), -18.3% YoY and -1.8% QoQ

Gross margin of 34.2%, -670 bps YoY and -594 bps QoQ

Operating margin of 1.9%, -1,254 bps YoY and -802 bps QoQ

Net profit of HK$12.8 million, -97.9% YoY and -95.9% QoQ

Basic earnings per share of HK$0.04, -97.3% YoY and -94.7% QoQ

Non-HKFRS Measures1

Adjusted Net profit of HK$45.4 million, -92.6% YoY and -85.3% QoQ
Adjusted Basic earnings per share of HK$0.11, -92.7% YoY and -85.3% QoQ

Revenue Guidance for Q4 2023
US$390 million to US$460 million, -23.2% YoY and -4.2% QoQ at mid-point

https://newsfile.futunn.com/notice/2023 ... 0832-0.PDF

[winston]

vested

Awaiting semiconductor recovery in 2024F

3Q23 net profit fell 98% yoy to HK$15m, due to a 670bp yoy decline in GPM.

We expect revenue to resume growth in FY24F, driven by rising contributions from automotive and AP tools.

Reiterate Add, with unchanged TP of HK$95.0, based on 2.5x FY23F P/BV.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 91375FEF90