大行評級|花旗:ASMPT第三季收入和毛利率均超預期 維持“買入”評級
花旗的研究報吿指,ASMPT第三季收入和毛利率均超出預期,純利則因匯兑虧損而未達預期。收入及毛利增長主要受惠於先進封裝(AP),而主流半導體解決方案(SEMI)復甦緩慢,表面貼裝技術(SMT)則繼續受到需求疲軟的影響。該行指,公司預期第四季收入落在3.8億美元至4.6億美元之間,指引的中間值反映收入按年微跌3.5%和按季跌2%,差過市場預期。該行認為,第三季表現合理,因為純利不如預期只因匯兑虧損,而收入及毛利勝預期;短期挑戰,特別是SMT屬預期之內;熱壓焊接(TCB)的走勢依然強勁,高頻寬記憶(HBM)在10月有令人鼓舞的突破。該行維持公司“買入”評級,目標價110港元。
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