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<Research> Huatai Securities Raises ASMPT (00522.HK) TP to HKD200, Maintains Buy
Recommend 4 Positive 6 Negative 0 |
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Huatai Securities issued a report stating that ASMPT (00522.HK) recorded revenue of USD508 million from continuing operations in 1Q26, up 32% YoY and broadly flat QoQ. Orders reached USD727 million, up 71.6% YoY and 46% QoQ, marking a nearly four-year high. The company guided for 2Q26 revenue of between USD540 million and USD600 million, with a midpoint of USD570 million, implying growth of 37% YoY and 12.2% QoQ, driven primarily by its SEMI business. The broker believes the companys business is gaining traction across multiple areas, including storage, C2W, CoPoS and silicon photonics, and is well positioned to benefit from AI-driven demand for advanced packaging. Strong SMT orders reflect the continued expansion of AI demand from advanced packaging to mainstream back-end processes, with AI servers and optical modules becoming key growth drivers for the SMT segment. The broker maintained its Buy rating and raised the TP from HKD146 to HKD200. (ha/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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