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《大行》麥格理微升ASMPT(00522.HK)目標價至119元 上調盈測反映料英偉達(NVDA.US)訂單增

Dah Sing raised the target price of ASMPT (00522.HK) to HK$119, and revised its earnings forecast to reflect the expected increase in orders from Nvidia.

AASTOCKS ·  Jun 20 10:41

Macquarie's report stated that ASMPT (00522.HK) owns a mainstream and high-end portfolio of optical communication equipment, with major customers including Mellanox and Innolight. The bank expects these customers to account for a single-digit percentage of ASMPT's semiconductor solution revenue next year.

The bank raised their profit forecast for ASMPT for the fiscal years 2024 to 2026 by 9%, 10%, and 9%, respectively. This is mainly due to increased orders from Nvidia (NVDA.US) in the fields of optical communication and advanced packaging. The bank is bullish on ASMPT's long-term growth prospects in advanced packaging and maintains its 'outperform' rating with a 1% increase in target price to 119 yuan. The bank believes that investors are underestimating the opportunities for Nvidia's products in the field of optical communication.

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