not vested
Apr 23, 2020
<Research Report>Citi Trims ASM PACIFIC (00522.HK) TP to $105; Rated Buy
Citigroup mentioned in its research report that ASM PACIFIC (00522.HK) reported 1Q20 revenue down by 8% yearly to $3.38 billion, 12% better than its forecast.
The broker retained Buy on ASM PACIFIC at the target price $105, trimmed from $124, with 2020/ 2021 EPS estimates revised down by 24%/ 14% for demand uncertainties.
Source: AAStocks Financial News
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ASM Pacific 522
Re: ASM Pacific 522
by winston » Tue May 19, 2020 2:52 pm
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 » Tue May 19, 2020 2:53 pm
not vested
Apr 23, 2020
<Research Report>C Suisse Downgrades ASM PACIFIC (00522.HK) to Neutral with TP Down to $89
Credit Suisse further lowered ASM PACIFIC (00522.HK)'s 2020/21 EPS forecasts by 9%/6%, reflecting higher opex led by the overseas COVID-19 outbreak, as well as higher tax expenses.
Although ASM PACIFIC's bookings peaked in 1Q20, the broker found it hard to predict its 2H20 results.
ASM PACIFIC was downgraded from Outperform to Neutral, with target trimmed from $96 to $89.
Source: AAStocks Financial News
Apr 23, 2020
<Research Report>C Suisse Downgrades ASM PACIFIC (00522.HK) to Neutral with TP Down to $89
Credit Suisse further lowered ASM PACIFIC (00522.HK)'s 2020/21 EPS forecasts by 9%/6%, reflecting higher opex led by the overseas COVID-19 outbreak, as well as higher tax expenses.
Although ASM PACIFIC's bookings peaked in 1Q20, the broker found it hard to predict its 2H20 results.
ASM PACIFIC was downgraded from Outperform to Neutral, with target trimmed from $96 to $89.
Source: AAStocks Financial News
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 » Tue May 19, 2020 3:02 pm
COMPANY PROFILE
ASM Pacific Technology Limited is a Hong Kong-based investment holding company principally engaged in the manufacture of machines and tools used in semiconductor and electronic assembly industries.
The Company operates through three segments.
Back-end Equipment segment is engaged in the development, production and sales of back-end equipment. Its products include bonders, light-emitting diode (LED) equipment and test handlers, among others.
Surface Mount Technology (SMT) Solutions segment is engaged in the provision of SMT solutions.
Materials segment is engaged in lead frames businesses.
The Company operates businesses in China, the United Kingdom, Singapore and Malaysia, among others.
ASM Pacific Technology Limited is a Hong Kong-based investment holding company principally engaged in the manufacture of machines and tools used in semiconductor and electronic assembly industries.
The Company operates through three segments.
Back-end Equipment segment is engaged in the development, production and sales of back-end equipment. Its products include bonders, light-emitting diode (LED) equipment and test handlers, among others.
Surface Mount Technology (SMT) Solutions segment is engaged in the provision of SMT solutions.
Materials segment is engaged in lead frames businesses.
The Company operates businesses in China, the United Kingdom, Singapore and Malaysia, among others.
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 » Tue May 19, 2020 3:12 pm
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 Jul 10, 2020 10:21 am
not vested
ASM PACIFIC(522)
Analysis：
For the three months ended 31 March 2020, ASM Pacific (522) reportd group bookings of US$668.9 million, representing increase of 45.3% and 50.2% over the same period of last year and the preceding three months, respectively.
The bookings for the first quarter was the second highest first quarter bookings after the record booking performance in Q1 2018.
All 3 business segments of the Group registered double-digit % bookings growth, QoQ and YoY.
Multiple factors drove the strong booking performance of the Group, including 5G infrastructure built up, localization of the China semi conductor supply chain, recovery of the Optoelectronic market and the Group's strong position in Advanced Packaging.
(I do not hold the above stock).
Strategy：
Buy-in Price: $95.00, Target Price: $115.00, Cut Loss Price: $86.00
Source: Phillips
ASM PACIFIC(522)
Analysis：
For the three months ended 31 March 2020, ASM Pacific (522) reportd group bookings of US$668.9 million, representing increase of 45.3% and 50.2% over the same period of last year and the preceding three months, respectively.
The bookings for the first quarter was the second highest first quarter bookings after the record booking performance in Q1 2018.
All 3 business segments of the Group registered double-digit % bookings growth, QoQ and YoY.
Multiple factors drove the strong booking performance of the Group, including 5G infrastructure built up, localization of the China semi conductor supply chain, recovery of the Optoelectronic market and the Group's strong position in Advanced Packaging.
(I do not hold the above stock).
Strategy：
Buy-in Price: $95.00, Target Price: $115.00, Cut Loss Price: $86.00
Source: Phillips
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 Jul 29, 2020 1:14 pm
not vested
July 29, 2020
ASM PACIFIC Dives Nearly 6% on 46% Interim DPS Cut
ASM PACIFIC (00522.HK) axed interim DPS by 46% despite more-than-doubled earnings.
The stock dived 5.9% to $95.45, on volume of 1.2 million shares and turnover of $116.8 million.
Source: AAStocks Financial News
July 29, 2020
ASM PACIFIC Dives Nearly 6% on 46% Interim DPS Cut
ASM PACIFIC (00522.HK) axed interim DPS by 46% despite more-than-doubled earnings.
The stock dived 5.9% to $95.45, on volume of 1.2 million shares and turnover of $116.8 million.
Source: AAStocks Financial News
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 Jul 29, 2020 1:16 pm
not vested
<Result Ann>ASM PACIFIC (00522.HK) Interim NP $389M, Up 116.9%; Interim Div $0.7
ASM PACIFIC (00522.HK) announced the interim results ended 30 June 2020.
Net profit ballooned 116.9% yearly to $389 million with EPS of $0.95.
An interim dividend of $0.7 was declared, against $1.3 in the same period a year ago.
Source: AAStocks Financial News
<Result Ann>ASM PACIFIC (00522.HK) Interim NP $389M, Up 116.9%; Interim Div $0.7
ASM PACIFIC (00522.HK) announced the interim results ended 30 June 2020.
Net profit ballooned 116.9% yearly to $389 million with EPS of $0.95.
An interim dividend of $0.7 was declared, against $1.3 in the same period a year ago.
Source: AAStocks Financial News
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 Jul 29, 2020 1:19 pm
not vested
July 27, 2020
<Research Report>C Suisse Adds ASM PACIFIC (00522.HK) TP to $119; Upgraded to Outperform
Credit Suisse in its research report upgraded ASM PACIFIC (00522.HK) to Outperform from Neutral at the target price $119, added from $89.
The broker opined that ASM PACIFIC's 1H20 pressure should have been well priced-in, while earnings should have bottomed out as well.
It foretold order visibility improvements particularly from new 5G smartphone models.
Source: AAStocks Financial News
July 27, 2020
<Research Report>C Suisse Adds ASM PACIFIC (00522.HK) TP to $119; Upgraded to Outperform
Credit Suisse in its research report upgraded ASM PACIFIC (00522.HK) to Outperform from Neutral at the target price $119, added from $89.
The broker opined that ASM PACIFIC's 1H20 pressure should have been well priced-in, while earnings should have bottomed out as well.
It foretold order visibility improvements particularly from new 5G smartphone models.
Source: AAStocks Financial News
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: 110697
- Joined: Wed May 07, 2008 9:28 am
Re: ASM Pacific 522
by winston » Wed Jul 29, 2020 1:23 pm
not vested
July 24, 2020
<Research Report>HSBC Research Upgrades ASM PACIFIC (00522.HK) to Buy, TP Lifted to $136
HSBC Global Research commented in its report that ASM PACIFIC (00522.HK) is bottoming out from 2Q20 and may be recovering growth in 2H20-2022.
ASM PACIFIC was upgraded to Buy from Hold at the target price $136, lifted from $78, with 2020-22E EPS revised up to $3.18, $5.43 and $6.85.
Source: AAStocks Financial News
July 24, 2020
<Research Report>HSBC Research Upgrades ASM PACIFIC (00522.HK) to Buy, TP Lifted to $136
HSBC Global Research commented in its report that ASM PACIFIC (00522.HK) is bottoming out from 2Q20 and may be recovering growth in 2H20-2022.
ASM PACIFIC was upgraded to Buy from Hold at the target price $136, lifted from $78, with 2020-22E EPS revised up to $3.18, $5.43 and $6.85.
Source: AAStocks Financial News
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 Jul 29, 2020 1:38 pm
not vested
Staying Resilient Amid Economic Uncertainty
1H 2020 Group Profitability Improved Year-on-Year
First Half of 2020
Group revenue of US$991.6 million improved by 5.9% over the same period last year and decreased by 10.5% compared to the second half of last year
Group net profit of HK$390.8 million increased 119.2% as compared with the first six-month period of last year; and decreased 12.0% compared to the second six-month period of last year
Group earnings per share of HK$0.95 for the first half of 2020
Semiconductor Solutions Segment revenue of US$473.3 million increased 16.6% over the first sixmonth period of last year and decreased 4.5% compared to the second six-month period of last year
Materials Segment revenue of US$125.7 million improved 15.6% over the first six-month period
of last year and fell by 3.2% compared to the second half of last year
SMT Solutions Segment revenue of US$392.6 million decreased 6.9% and 18.7% over the first six month period and the second six-month period of last year, respectively
1H new Group order bookings of US$1.14 billion increased 7.4% and 19.0% over the first and
second six-month periods of last year, respectively
Group order backlog was US$799.9 million as of 30 June 2020
1H Book-to-Bill Ratio was 1.15
Second Quarter of 2020
Group revenue of US$557.4 million increased 27.8% and 19.5% over the preceding quarter and the same period last year, respectively
Group net profit of HK$365.4 million increased 1,341.5% and 421.8% over the preceding quarter
and the same period last year, respectively
Group earnings per share of HK$0.89 for the second quarter 2020
Group operating profits of HK$495.8 million increased 241.1% and 95.8% over the preceding
quarter and the same period last year, respectively
Semiconductor Solutions Segment revenue of US$279.0 million increased 43.0% and 33.8% over
the preceding quarter and over the same period last year, respectively
Materials Segment revenue of US$74.2 million increased 43.2% and 28.2% over the preceding
quarter and over the same period last year, respectively
SMT Solutions Segment revenue of US$204.2 million increased 8.0% and 2.2% over the preceding
quarter and the same period last year, respectively
Q2 new Group order bookings of US$472.0 million decreased 29.4% and 21.6% over the preceding
quarter and over the same period last year, respectively.
Cash and bank deposits of HK$3.59 billion as of 30 June 2020
https://www1.hkexnews.hk/listedco/listc ... 900023.pdf
Staying Resilient Amid Economic Uncertainty
1H 2020 Group Profitability Improved Year-on-Year
First Half of 2020
Group revenue of US$991.6 million improved by 5.9% over the same period last year and decreased by 10.5% compared to the second half of last year
Group net profit of HK$390.8 million increased 119.2% as compared with the first six-month period of last year; and decreased 12.0% compared to the second six-month period of last year
Group earnings per share of HK$0.95 for the first half of 2020
Semiconductor Solutions Segment revenue of US$473.3 million increased 16.6% over the first sixmonth period of last year and decreased 4.5% compared to the second six-month period of last year
Materials Segment revenue of US$125.7 million improved 15.6% over the first six-month period
of last year and fell by 3.2% compared to the second half of last year
SMT Solutions Segment revenue of US$392.6 million decreased 6.9% and 18.7% over the first six month period and the second six-month period of last year, respectively
1H new Group order bookings of US$1.14 billion increased 7.4% and 19.0% over the first and
second six-month periods of last year, respectively
Group order backlog was US$799.9 million as of 30 June 2020
1H Book-to-Bill Ratio was 1.15
Second Quarter of 2020
Group revenue of US$557.4 million increased 27.8% and 19.5% over the preceding quarter and the same period last year, respectively
Group net profit of HK$365.4 million increased 1,341.5% and 421.8% over the preceding quarter
and the same period last year, respectively
Group earnings per share of HK$0.89 for the second quarter 2020
Group operating profits of HK$495.8 million increased 241.1% and 95.8% over the preceding
quarter and the same period last year, respectively
Semiconductor Solutions Segment revenue of US$279.0 million increased 43.0% and 33.8% over
the preceding quarter and over the same period last year, respectively
Materials Segment revenue of US$74.2 million increased 43.2% and 28.2% over the preceding
quarter and over the same period last year, respectively
SMT Solutions Segment revenue of US$204.2 million increased 8.0% and 2.2% over the preceding
quarter and the same period last year, respectively
Q2 new Group order bookings of US$472.0 million decreased 29.4% and 21.6% over the preceding
quarter and over the same period last year, respectively.
Cash and bank deposits of HK$3.59 billion as of 30 June 2020
https://www1.hkexnews.hk/listedco/listc ... 900023.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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