DBS Group Research Trims ASMPT (00522.HK) TP to $71, Rating Hold
2023/10/27
DBS Group Research issued a research report saying that ASMPT (00522.HK) 's net profit plunged 98% YoY in 3Q23, missing expectation, dragged down by margin contraction and higher operational expenses.
ASMPT's revenue guidance for 4Q23 was also weaker than expected, as it's customers like global foundries become more pessimistic on 2024 outlook.
Demand for consumer electronics and servers in the end-market is weakening, and tech giants such as Microsoft and Meta are reducing orders for cloud servers.
DBS Group Research expected weak demand for chip manufacturing equipment to continue at least into 4Q23 as global foundries cut capital spending.
In 2024, bookings will pick up moderately, when consumption sentiment in the consumer electronics end-market begins to recover.
DBS Group Research slashed its earnings forecasts for ASMPT by 17% and 11% for 2024 and 2025 to reflect the pressure on margins from lower shipment growth forecast and tighter production scale.
DBS Group Research trimmed its target price to $71 from $88, with rating at Hold.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
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ASM Pacific 522
Re: ASM Pacific 522
by winston » Tue Nov 21, 2023 11:36 am
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Re: ASM Pacific 522
by winston » Mon Dec 04, 2023 4:41 pm
not vested
G Sachs Lifts ASMPT (00522.HK) TP to $105, Expects Advanced Packaging to be Next Driver
Goldman Sachs issued a rating report on ASMPT (00522.HK), predicting a 2% QoQ decline in 4Q revenue under pressure.
The broker expected advanced packaging to be the next driver, as demand for surface mount technology (SMT) equipment continues to come under pressure and slowed down over the past 2 years.
Even with the recent macroeconomic pressure and the industry entering a down cycle, the broker remained positive on ASMPT's medium- to long-term outlook, benefiting from AI, high-performance computing (HPC) and memory customers.
According to the broker, orders are expected to remain weak in 4Q, due to the weak macro environment, which has limited the capital expenditure budgets of next-generation customers.
The broker expected 4Q revenue to fall 2% QoQ and 22% YoY to $3.4 billion, in line with management's guidance of $3.0 billion to $3.6 billion, while gross margins recovering to 39%.
Goldman adjusted its earnings forecasts for 4Q23, 2024 and 2025 by down 13%, up 5% and up 6% respectively.
The broker also trimmed its 4Q revenue forecast by 5% and kept its 2024-25 revenue forecast unchanged.
Goldman Sachs raised the target price of ASMPT from $94 to $105 and maintained its Buy rating.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
G Sachs Lifts ASMPT (00522.HK) TP to $105, Expects Advanced Packaging to be Next Driver
Goldman Sachs issued a rating report on ASMPT (00522.HK), predicting a 2% QoQ decline in 4Q revenue under pressure.
The broker expected advanced packaging to be the next driver, as demand for surface mount technology (SMT) equipment continues to come under pressure and slowed down over the past 2 years.
Even with the recent macroeconomic pressure and the industry entering a down cycle, the broker remained positive on ASMPT's medium- to long-term outlook, benefiting from AI, high-performance computing (HPC) and memory customers.
According to the broker, orders are expected to remain weak in 4Q, due to the weak macro environment, which has limited the capital expenditure budgets of next-generation customers.
The broker expected 4Q revenue to fall 2% QoQ and 22% YoY to $3.4 billion, in line with management's guidance of $3.0 billion to $3.6 billion, while gross margins recovering to 39%.
Goldman adjusted its earnings forecasts for 4Q23, 2024 and 2025 by down 13%, up 5% and up 6% respectively.
The broker also trimmed its 4Q revenue forecast by 5% and kept its 2024-25 revenue forecast unchanged.
Goldman Sachs raised the target price of ASMPT from $94 to $105 and maintained its Buy rating.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: ASM Pacific 522
by winston » Wed Feb 28, 2024 9:37 am
not vested
ASMPT Annual NP $715M, Down 73%; Final & Special Div. Total $78 Cents
ASMPT(00522.HK) released its annual results for the year ended December 2023.
Revenue amounted to $14.697 billion, down 24.1% YoY.
Net profit amounted to $715 million, down 72.7% YoY. EPS was $1.73.
Dividend per share totaled $78 cents, including a final dividend of $26 cents and a special dividend of $52 cents. The total dividend for 2023 was $1.39, as compared with $3.2 for the same period of 2022.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
ASMPT Annual NP $715M, Down 73%; Final & Special Div. Total $78 Cents
ASMPT(00522.HK) released its annual results for the year ended December 2023.
Revenue amounted to $14.697 billion, down 24.1% YoY.
Net profit amounted to $715 million, down 72.7% YoY. EPS was $1.73.
Dividend per share totaled $78 cents, including a final dividend of $26 cents and a special dividend of $52 cents. The total dividend for 2023 was $1.39, as compared with $3.2 for the same period of 2022.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: ASM Pacific 522
by winston » Fri Mar 08, 2024 1:32 pm
ASMPT (522 HK)
Advanced Packaging Giant Emerging As A Major AI Play
Driven by the accelerated development of GenAI technology, the importance of advanced packaging is growing rapidly due to the increasingly complex designs of AI chips.
As a global leading TCB tools provider, ASMPT is set to benefit from the rising demand for advanced packaging tools, notably the ongoing technological migration from flip chip MR to TCB across both logic and memory semi packaging.
Initiate coverage with BUY and target price of HK$115.00.
Source: UOBKH
https://research.uobkayhian.com/content ... 6134aef2c1
Advanced Packaging Giant Emerging As A Major AI Play
Driven by the accelerated development of GenAI technology, the importance of advanced packaging is growing rapidly due to the increasingly complex designs of AI chips.
As a global leading TCB tools provider, ASMPT is set to benefit from the rising demand for advanced packaging tools, notably the ongoing technological migration from flip chip MR to TCB across both logic and memory semi packaging.
Initiate coverage with BUY and target price of HK$115.00.
Source: UOBKH
https://research.uobkayhian.com/content ... 6134aef2c1
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: ASM Pacific 522
by winston » Thu Apr 18, 2024 11:42 am
not vested
<Research>CLSA Initiates ASMPT (00522.HK) Rating Outperform, TP $116
CLSA issued a research report initiating rating at Outperform and a target price of $116 for ASMPT (00522.HK) .
ASMPT is a leader in the semiconductor equipment industry, especially in the TCB technology, which can be used for AI chipset packaging, according to CLSA.
Technology breakthroughs in HB will support long-term growth potential, and the mainstream equipment business is estimated to recover gradually this year.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>CLSA Initiates ASMPT (00522.HK) Rating Outperform, TP $116
CLSA issued a research report initiating rating at Outperform and a target price of $116 for ASMPT (00522.HK) .
ASMPT is a leader in the semiconductor equipment industry, especially in the TCB technology, which can be used for AI chipset packaging, according to CLSA.
Technology breakthroughs in HB will support long-term growth potential, and the mainstream equipment business is estimated to recover gradually this year.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: ASM Pacific 522
by winston » Wed Apr 24, 2024 10:04 am
not vested
ASMPT (00522.HK) Spikes 6%+ as 1Q NP Soars ~1.4x QoQ
ASMPT (00522.HK) peaking at $103.3, last printed at $101.9, up 6.53%, on volume of 1.4616 million shares and turnover of $143 million.
ASMPT released its 1Q24 results ended March 2024.
Revenue was $3.139 billion, down 19.9% YoY and down 7.8% QoQ.
Net profit amounted to $180 million, down 43.4% YoY, and up 1.39x QoQ. EPS was $43 cents.
Non-HKFRS adjusted net profit amounted to $177 million, down 43.7% YoY, up 1.32x QoQ, while adjusted basic EPS was $43 cents.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
ASMPT (00522.HK) Spikes 6%+ as 1Q NP Soars ~1.4x QoQ
ASMPT (00522.HK) peaking at $103.3, last printed at $101.9, up 6.53%, on volume of 1.4616 million shares and turnover of $143 million.
ASMPT released its 1Q24 results ended March 2024.
Revenue was $3.139 billion, down 19.9% YoY and down 7.8% QoQ.
Net profit amounted to $180 million, down 43.4% YoY, and up 1.39x QoQ. EPS was $43 cents.
Non-HKFRS adjusted net profit amounted to $177 million, down 43.7% YoY, up 1.32x QoQ, while adjusted basic EPS was $43 cents.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: ASM Pacific 522
by winston » Wed Apr 24, 2024 4:22 pm
not vested
<Research>Citi: ASMPT (00522.HK) 1Q24 Earnings Beat Forecast; Book-to-Bill Ratio Higher than 1
ASMPT (00522.HK)'s 1Q24 earnings beat estimations, mainly attributable to gross profit margin and operating expense control, Citi Research issued a research report saying.
Revenue and bookings were in line with guidance.
Book-to-Bill ratio exceeded 1 for the first time in 2 years, a positive sign of recovery.
The mid-point of the 2Q24 revenue forecast points to a decline of 17% YoY and a 2% QoQ growth, which is 13% below the market's expectation.
Citi Research remained bullish on ASMPT, believing that it will benefit from growing demand for its advanced packaging solutions.
ASMPT's valuation is more attractive after a 15% correction from its high on 9 April.
Citi Research rated ASMPT at Buy, with a target price of $120.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>Citi: ASMPT (00522.HK) 1Q24 Earnings Beat Forecast; Book-to-Bill Ratio Higher than 1
ASMPT (00522.HK)'s 1Q24 earnings beat estimations, mainly attributable to gross profit margin and operating expense control, Citi Research issued a research report saying.
Revenue and bookings were in line with guidance.
Book-to-Bill ratio exceeded 1 for the first time in 2 years, a positive sign of recovery.
The mid-point of the 2Q24 revenue forecast points to a decline of 17% YoY and a 2% QoQ growth, which is 13% below the market's expectation.
Citi Research remained bullish on ASMPT, believing that it will benefit from growing demand for its advanced packaging solutions.
ASMPT's valuation is more attractive after a 15% correction from its high on 9 April.
Citi Research rated ASMPT at Buy, with a target price of $120.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: ASM Pacific 522
by winston » Thu Apr 25, 2024 9:04 am
not vested
1Q Earnings
Chip equipment supplier ASMPT (0522) said first-quarter net profit soared 134.5 percent to HK$177.5 million but that demand for smartphones and tablets was expected to remain weak.
Despite the quarterly jump, the figure was 43.7 percent lower than a year ago.
Revenue dropped 7.8 and 19.9 percent quarterly and yearly, respectively, due to declines in two business segments.
Its Surface Mount Technology segment contributed HK$1.76 billion to revenue, but it was 2.6 percent lower than the last quarter.
The semiconductor segment showed a "steeper decline" due to the "prolonged semiconductor downcycle," with revenue falling 13.7 percent to HK$1.38 billion.
Source: The Standard
1Q Earnings
Chip equipment supplier ASMPT (0522) said first-quarter net profit soared 134.5 percent to HK$177.5 million but that demand for smartphones and tablets was expected to remain weak.
Despite the quarterly jump, the figure was 43.7 percent lower than a year ago.
Revenue dropped 7.8 and 19.9 percent quarterly and yearly, respectively, due to declines in two business segments.
Its Surface Mount Technology segment contributed HK$1.76 billion to revenue, but it was 2.6 percent lower than the last quarter.
The semiconductor segment showed a "steeper decline" due to the "prolonged semiconductor downcycle," with revenue falling 13.7 percent to HK$1.38 billion.
Source: The Standard
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: ASM Pacific 522
by winston » Thu Apr 25, 2024 9:30 am
ASMPT (522 HK)
1Q24: Solid Results, More Positive Updates To Advanced Packaging Business
ASMPT’s 1Q24 results are better than expected thanks to strong margins, but 2Q24’s revenue guidance was below our and consensus estimates due to sluggish sales of mainstream tools.
Nevertheless, the advanced packaging business remains robust, and we see more positive developments with TCB and HB tools, including progress in leading foundry clients, new order wins, and demo shipments to new HBM clients.
Maintain BUY and trim target price to HK$120.00.
Source: UOBKH
https://research.uobkayhian.com/content ... e=hs_email
1Q24: Solid Results, More Positive Updates To Advanced Packaging Business
ASMPT’s 1Q24 results are better than expected thanks to strong margins, but 2Q24’s revenue guidance was below our and consensus estimates due to sluggish sales of mainstream tools.
Nevertheless, the advanced packaging business remains robust, and we see more positive developments with TCB and HB tools, including progress in leading foundry clients, new order wins, and demo shipments to new HBM clients.
Maintain BUY and trim target price to HK$120.00.
Source: UOBKH
https://research.uobkayhian.com/content ... e=hs_email
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
Re: ASM Pacific 522
by winston » Thu Apr 25, 2024 12:15 pm
not vested
<Research>JPM Increases ASMPT (00522.HK) TP to $120, Rates Overweight
JPMorgan wrote in a research report that ASMPT (00522.HK) 's Advanced Packaging (AP) business is gaining momentum as thermo-compression bonding (TCB) applications become more widespread, with continued orders from foundries and OSATs.
There is also increased customer interest in advanced High Bandwidth Memory (HBM) products such as 12Hi and 16Hi.
On the other hand, the pace of recovery of traditional packaging and SMT solutions business is slower and is expected to be delayed by two to three quarters.
Related News: CLSA Initiates ASMPT (00522.HK) Rating Outperform, TP $116
JPM chopped its EPS forecasts for ASMPT by 31% and 29% for the next two years due to a more cautious outlook on the recovery of the traditional packaging business, which is now expected to fail to recover to 2018 levels by 2026.
However, the broker stressed that it has stronger confidence in the company's AP business growth and expected the incremental contribution of AI-related business to increase, so it predicted that there would be room for the valuation to rise.
JPMorgan raised ASMPT's target price from $100 to $120 and rated the company Overweight.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-24 16:25.)
Related News: ASMPT 1Q24 NP $180M, Down 43.4% YoY
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>JPM Increases ASMPT (00522.HK) TP to $120, Rates Overweight
JPMorgan wrote in a research report that ASMPT (00522.HK) 's Advanced Packaging (AP) business is gaining momentum as thermo-compression bonding (TCB) applications become more widespread, with continued orders from foundries and OSATs.
There is also increased customer interest in advanced High Bandwidth Memory (HBM) products such as 12Hi and 16Hi.
On the other hand, the pace of recovery of traditional packaging and SMT solutions business is slower and is expected to be delayed by two to three quarters.
Related News: CLSA Initiates ASMPT (00522.HK) Rating Outperform, TP $116
JPM chopped its EPS forecasts for ASMPT by 31% and 29% for the next two years due to a more cautious outlook on the recovery of the traditional packaging business, which is now expected to fail to recover to 2018 levels by 2026.
However, the broker stressed that it has stronger confidence in the company's AP business growth and expected the incremental contribution of AI-related business to increase, so it predicted that there would be room for the valuation to rise.
JPMorgan raised ASMPT's target price from $100 to $120 and rated the company Overweight.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-24 16:25.)
Related News: ASMPT 1Q24 NP $180M, Down 43.4% YoY
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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