DBS Rating: Macquarie raises ASMPT's target price to HKD 119, and increases the profit forecast for fiscal years 2024-26.

Morgan Stanley's report states that ASMPT has mainstream and high-end communication equipment combination, with major clients including Mellanox and Innolight. The bank expects these clients to account for a single-digit percentage of ASMPT's semiconductor solution revenue next year. The bank raised ASMPT's profit forecast for fiscal years 2024 to 2026 by 9%, 10%, and 9% respectively, mainly due to NVIDIA's increased orders in optical communications and advanced packaging, and the bank is bullish on ASMPT's long-term growth prospects in advanced packaging, maintaining its "Outperform" rating.

Gelonghui Finance01:50 ET

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WSJJun 19 04:37 ET

Brokerage Focus: Minsheng Securities first recommends ASMPT (00522) with a "recommended" rating, indicating its strong product strength.

Jingu Financial News: China Minsheng Securities released research reports indicating that ASMPT (00522) mainly engages in the semiconductor packaging equipment (SEMI) and Surface Mount Technology (SMT) equipment business. In recent years, affected by the testing and electronic manufacturing industry cycles, the performance fluctuated slightly. In 2023, the company realized a revenue of HKD 14.697 billion and a net income of HKD 715 million. On the order side, SEMI sector achieved the first recovery in 23Q4 and continued to rise in 24Q1 compared to the previous quarter. The incremental demand for advanced packaging equipment brought by the computing power application is expected to become the main driving force for the company's growth. The company's SMT business is used for electronic assembly.

金吾財訊Jun 18 02:25 ET

CITIC Securities: The bottom of the global simulation chip industry is clear, focusing on two main lines of high-end breakthroughs and industry integration.

At the current point in time, it is more important to focus on the rhythm of industry turning points and the elasticity of the next cycle than to focus on the valuation levels of the current year.

Zhitong FinanceJun 18 01:50 ET

Hong Kong stocks concept tracking | SK Hynix stock price hits 24-year high, bottoming out of test demand becomes clear (with concept stocks)

According to market news, SK Hynix may raise its future profit expectations.

Zhitong FinanceJun 17 22:05 ET

Minsheng Securities: Advanced packaging equipment demand increment is expected to become the main growth driver of asmpt(00522), first recommended rating.

Minsheng Securities expects asmpt (00522) to achieve a net income attributable to its parent of HKD 1.201/2.005/2.891 billion from 2024 to 2026.

Zhitong FinanceJun 17 21:43 ET