《大行報告》花旗升ASMPT(00522.HK)目標價至120元 評級「買入」
花旗發表研究報告指,ASMPT(00522.HK)上季收入按年跌21%至34.05億元,略高於指引中位數;毛利率按季升8.2個百分點至42.3%。不過,隨著集團繼續投資於研發和基礎設施,營運開支增長超出預期,令淨利潤按年減71%至7,600萬元,遠低於花旗及市場普遍預期的1.42億元和1.72億元。
花旗表示,ASMPT對今年首季的收入指引介乎3.7億至4.3億美元,雖然SEMI的前景因均價增長而有所改善,但SMT可能持續下滑。管理層預計期內的訂單量將按季增約20%。該行認為,集團前景正在改善,投資者將關注其均價在下半年及之後的上升空間。該行將公司目標價由85元上調至120元,重申「買入」評級,相信集團將受惠於人工智能發展。
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