not vested
<Research>UOB Kay Hian Cuts ASMPT (00522.HK) TP to $120; 1Q Results Solid
2024/04/26
In a research report by UOB Kay Hian, ASMPT (00522.HK) was said having reported better-than-expected 1Q24 results, on the back of strong margins, but 2Q24's revenue guidance was below the expectations of UOB Kay Hian and the market, due to sluggish sales of mainstream tools.
The advanced packaging business remained vibrant in 1Q24, and the broker saw more positive progress in TCB (thermo-compression bonding) and HB (hybrid bonding) businesses.
The broker maintained Buy on ASMPT, with target price lowered to $120 from $129.2.
According to UOB Kay Hian, ASMPT management expected 2Q24 revenue to be US$380 million to US$440 million, below the broker's and the market's estimates of US$479 million to US$471 million, and 16% and 13% below the median of the broker's and the market's forecasts, respectively.
ASMPT management foresaw 2Q24's order bookings to be flattish QoQ.
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 » Fri May 31, 2024 2:28 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 » Thu Jun 20, 2024 11:48 am
<Research>Macquarie Adds Slightly ASMPT (00522.HK) TP to $119, Raises Earnings Forecasts on More Expected Orders From NVIDIA
Macquarie noted in a report that ASMPT (00522.HK) has a portfolio of mainstream and high-end photonic alignment equipment, with major customers including Mellanox and Innolight, which the broker expected to account for a single-digit percentage of ASMPT's semiconductor solutions revenue next year.
The broker raised its earnings forecasts for ASMPT by 9%, 10% and 9% for FY24/FY25/FY26, mainly due to the expected increase in orders from NVIDIA (NVDA.US) in optical communications and advanced packaging (AP).
Macquarie is optimistic about the long-term growth prospects of ASMPT's advanced packaging and maintained its Outperform rating, with a target price raised by 1% to $119.
The broker also believed that investors were underestimating the opportunities for optical communication from NVIDIA products.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
Macquarie noted in a report that ASMPT (00522.HK) has a portfolio of mainstream and high-end photonic alignment equipment, with major customers including Mellanox and Innolight, which the broker expected to account for a single-digit percentage of ASMPT's semiconductor solutions revenue next year.
The broker raised its earnings forecasts for ASMPT by 9%, 10% and 9% for FY24/FY25/FY26, mainly due to the expected increase in orders from NVIDIA (NVDA.US) in optical communications and advanced packaging (AP).
Macquarie is optimistic about the long-term growth prospects of ASMPT's advanced packaging and maintained its Outperform rating, with a target price raised by 1% to $119.
The broker also believed that investors were underestimating the opportunities for optical communication from NVIDIA products.
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 Jul 24, 2024 1:51 pm
not vested
<Results>ASMPT Interim NP $315M, Down 49.6%; Interim Div. $35 Cents
ASMPT(00522.HK) released its interim results for the six months ended June 2024.
Revenue amounted to $6.481 billion, down 17.1% YoY.
Net profit amounted to $315 million, down 49.6% YoY.
EPS was $76 cents.
An interim dividend of $35 cents per share was declared, down 42.6% YoY from $61 cents declared in the same period of 2023.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Results>ASMPT Interim NP $315M, Down 49.6%; Interim Div. $35 Cents
ASMPT(00522.HK) released its interim results for the six months ended June 2024.
Revenue amounted to $6.481 billion, down 17.1% YoY.
Net profit amounted to $315 million, down 49.6% YoY.
EPS was $76 cents.
An interim dividend of $35 cents per share was declared, down 42.6% YoY from $61 cents declared in the same period of 2023.
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 Jul 24, 2024 2:13 pm
vested
ASMPT, IBM Tighten Ties in Advance Bonding Methods for Chiplet Packages for AI
ASMPT (00522.HK) and IBM announced a renewed cooperation agreement to extend their collaboration on the joint development of the next advancement of chip-let packaging technologies.
Through the agreement, the two companies will work together to advance thermo-compression and hybrid bonding technology for chip-let packages, using ASMPT’s next generation of Firebird TCB and Lithobolt hybrid bonding tools.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
ASMPT, IBM Tighten Ties in Advance Bonding Methods for Chiplet Packages for AI
ASMPT (00522.HK) and IBM announced a renewed cooperation agreement to extend their collaboration on the joint development of the next advancement of chip-let packaging technologies.
Through the agreement, the two companies will work together to advance thermo-compression and hybrid bonding technology for chip-let packages, using ASMPT’s next generation of Firebird TCB and Lithobolt hybrid bonding tools.
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 Jul 25, 2024 9:03 am
vested
ASMPT (522 HK) 2Q24: Weak Results; Advanced Packaging Progress Remains Intact
ASMPT reported its 2Q24 results, with revenue coming in in line but profitability and 3Q24 guidance missing our/consensus estimates due to a slower recovery in mainstream tools.
On the bright side, advanced packaging solutions (TCB and HB tools) continue to make good progress in the market with new order wins from both logic and memory players.
Maintain BUY and trim target price to HK$118.50. Our target price is based on a PE multiple of 24.0x 2025F PE, which is on a par with its historical forward mean.
The disappointing recovery rate of the mainstream tools market will likely remain a drag on its share price in the near term.
However, we would like to highlight that its most valuable business (TCB and HB tools) continued to see solid progress, and we believe that the advanced packaging tools segment could become a growth driver in 2025.
Price correction from the weak results would provide an opportunity to accumulate its shares.
Source: UOBKH
https://research.uobkayhian.com/content ... e=hs_email
ASMPT (522 HK) 2Q24: Weak Results; Advanced Packaging Progress Remains Intact
ASMPT reported its 2Q24 results, with revenue coming in in line but profitability and 3Q24 guidance missing our/consensus estimates due to a slower recovery in mainstream tools.
On the bright side, advanced packaging solutions (TCB and HB tools) continue to make good progress in the market with new order wins from both logic and memory players.
Maintain BUY and trim target price to HK$118.50. Our target price is based on a PE multiple of 24.0x 2025F PE, which is on a par with its historical forward mean.
The disappointing recovery rate of the mainstream tools market will likely remain a drag on its share price in the near term.
However, we would like to highlight that its most valuable business (TCB and HB tools) continued to see solid progress, and we believe that the advanced packaging tools segment could become a growth driver in 2025.
Price correction from the weak results would provide an opportunity to accumulate its shares.
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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Re: ASM Pacific 522
by winston » Thu Jul 25, 2024 10:44 am
vested
<Research>M Stanley: ASMPT (00522.HK) Sell-off Offers Attractive Mkt Entry Chance; Rating Overweight Kept
ASMPT (00522.HK) reported weaker-than-expected 2Q24 results, and guided a 6.4% QoQ decline in 3Q24 revenue, missing the expectations of Morgan Stanley/ the market by 17%/ 20% respectively, Morgan Stanley issued a research report saying.
Morgan Stanley had previously expected a modest recovery in the mainstream market but now it looks like the weakness could last longer than expected, especially in markets outside China.
Related News: ASMPT Interim NP $315M, Down 49.6%; Interim Div. $35 Cents
Morgan Stanley kept rating at Overweight on ASMPT, with a target price of $130, saying that the stock's sell-off is an attractive market entry opportunity.
The broker expected a seasonal recovery in 4Q24.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>M Stanley: ASMPT (00522.HK) Sell-off Offers Attractive Mkt Entry Chance; Rating Overweight Kept
ASMPT (00522.HK) reported weaker-than-expected 2Q24 results, and guided a 6.4% QoQ decline in 3Q24 revenue, missing the expectations of Morgan Stanley/ the market by 17%/ 20% respectively, Morgan Stanley issued a research report saying.
Morgan Stanley had previously expected a modest recovery in the mainstream market but now it looks like the weakness could last longer than expected, especially in markets outside China.
Related News: ASMPT Interim NP $315M, Down 49.6%; Interim Div. $35 Cents
Morgan Stanley kept rating at Overweight on ASMPT, with a target price of $130, saying that the stock's sell-off is an attractive market entry opportunity.
The broker expected a seasonal recovery in 4Q24.
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
- Posts: 110697
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Re: ASM Pacific 522
by winston » Thu Jul 25, 2024 10:47 am
vested
<Research>HSBC Global Research Cuts ASMPT (00522.HK) TP to $99; Recovery Level of Mainstream Semiconductors Still Not Clear
HSBC Global Research wrote in a report that ASMPT (00522.HK)'s 2Q24 sales were in line with market and broker forecasts, but gross margins were 40% below market and broker expectations, and EPS was also below forecasts.
According to the broker, the weaker gross margin in 2Q and the market's forecast of limited upside for advanced packaging led to a sharp crash of about 20% in the stock yesterday (24 July).
Taking into account the weak SMT (surface mount technology) orders, HSBC chopped its 2024/25 EPS forecasts on ASMPT by 56% and 6% respectively, but raised its 2026 EPS forecast by 3%.
The broker believed that SMT orders were close to bottoming out, but the extent of recovery remained uncertain given the limited room for short-term upturn in the thermal compression bonding (TCB) business.
Related News: M Stanley: ASMPT (00522.HK) Sell-off Offers Attractive Mkt Entry Chance; Rating Overweight Kept
HSBC trimmed its target price from $106 to $99 and maintained its Hold rating.
According to the broker, the extent of the recovery in mainstream semiconductors is still unknown.
Orders for SMT solutions are close to the bottom but still awaiting a more pronounced demand catalyst.
There is an upside risk to the adoption of TCB in edge AI applications given the high volume of PC and smartphone sales, but given the uncertainty of the magnitude of consumer demand recovery, it is believed that the upside is still too early to quantify in 2025.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>HSBC Global Research Cuts ASMPT (00522.HK) TP to $99; Recovery Level of Mainstream Semiconductors Still Not Clear
HSBC Global Research wrote in a report that ASMPT (00522.HK)'s 2Q24 sales were in line with market and broker forecasts, but gross margins were 40% below market and broker expectations, and EPS was also below forecasts.
According to the broker, the weaker gross margin in 2Q and the market's forecast of limited upside for advanced packaging led to a sharp crash of about 20% in the stock yesterday (24 July).
Taking into account the weak SMT (surface mount technology) orders, HSBC chopped its 2024/25 EPS forecasts on ASMPT by 56% and 6% respectively, but raised its 2026 EPS forecast by 3%.
The broker believed that SMT orders were close to bottoming out, but the extent of recovery remained uncertain given the limited room for short-term upturn in the thermal compression bonding (TCB) business.
Related News: M Stanley: ASMPT (00522.HK) Sell-off Offers Attractive Mkt Entry Chance; Rating Overweight Kept
HSBC trimmed its target price from $106 to $99 and maintained its Hold rating.
According to the broker, the extent of the recovery in mainstream semiconductors is still unknown.
Orders for SMT solutions are close to the bottom but still awaiting a more pronounced demand catalyst.
There is an upside risk to the adoption of TCB in edge AI applications given the high volume of PC and smartphone sales, but given the uncertainty of the magnitude of consumer demand recovery, it is believed that the upside is still too early to quantify in 2025.
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 Jul 31, 2024 9:00 am
vested
Fast-growing AP tools driving revenue
1H24 net profit fell 50% yoy to HK$325m to form just 20% of our FY24F forecast due to the prolonged downturn in auto and industrial end-markets.
We cut our FY24F EPS forecast by 47% to reflect the continued slowdown in the SMT business, as AP tools becomes the revenue driver in FY25-26F.
Reiterate Add; TP lowered to HK$109.80, still based on 2.8x FY24F P/BV.
Source: CIMB
https://rfs.cgsi.com/api/download?file= ... 0E588C5CD9
Fast-growing AP tools driving revenue
1H24 net profit fell 50% yoy to HK$325m to form just 20% of our FY24F forecast due to the prolonged downturn in auto and industrial end-markets.
We cut our FY24F EPS forecast by 47% to reflect the continued slowdown in the SMT business, as AP tools becomes the revenue driver in FY25-26F.
Reiterate Add; TP lowered to HK$109.80, still based on 2.8x FY24F P/BV.
Source: CIMB
https://rfs.cgsi.com/api/download?file= ... 0E588C5CD9
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 Aug 08, 2024 3:52 pm
not vested
<Research>CICC Drops ASMPT (00522.HK) TP to $100; New-gen TCB Biz Strong, But Traditional & SMT Biz Weak
CICC noted in a report that ASMPT (00522.HK) announced its 2Q24 results.
Revenue was HK$3.34 billion, down 14.3% YoY and up 6.5% QoQ, which is above the median of the company's guidance.
For 3Q24, the company guided revenue to be in the range of US$370 million to US$430 million, down 9.9% YoY and 6.4% QoQ on a median basis.
The 3Q guidance was lower than expected, as the traditional packaging equipment business is expected to rebound QoQ this year.
CICC lowered its net profit forecasts on ASMPT for 2024 and 2025 by 64% and 24% to HK$691 million and HK$1.881 billion respectively due to weaker-than-expected recovery in traditional markets and weakness in the surface mount technology (SMT) business.
The broker maintained its Outperform rating.
Considering that the market still recognises the company's leadership in the advanced packaging (AP) business, CICC trimmed its target price by 13% to HK$100, which corresponded to 22x 2025 P/E ratio.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
<Research>CICC Drops ASMPT (00522.HK) TP to $100; New-gen TCB Biz Strong, But Traditional & SMT Biz Weak
CICC noted in a report that ASMPT (00522.HK) announced its 2Q24 results.
Revenue was HK$3.34 billion, down 14.3% YoY and up 6.5% QoQ, which is above the median of the company's guidance.
For 3Q24, the company guided revenue to be in the range of US$370 million to US$430 million, down 9.9% YoY and 6.4% QoQ on a median basis.
The 3Q guidance was lower than expected, as the traditional packaging equipment business is expected to rebound QoQ this year.
CICC lowered its net profit forecasts on ASMPT for 2024 and 2025 by 64% and 24% to HK$691 million and HK$1.881 billion respectively due to weaker-than-expected recovery in traditional markets and weakness in the surface mount technology (SMT) business.
The broker maintained its Outperform rating.
Considering that the market still recognises the company's leadership in the advanced packaging (AP) business, CICC trimmed its target price by 13% to HK$100, which corresponded to 22x 2025 P/E ratio.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-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 » Thu Oct 03, 2024 6:33 am
not vested
KKR plans bid for ASMPT
Source: Bloomberg
https://www.thestandard.com.hk/section- ... -for-ASMPT
KKR plans bid for ASMPT
Has made a non-binding, preliminary approach to take Hong Kong-listed ASMPT private,
ASM International holds a roughly 25 percent stake in ASMPT.
Source: Bloomberg
https://www.thestandard.com.hk/section- ... -for-ASMPT
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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