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<Research>DBS Lifts ASMPT (00522.HK) TP to HKD68, Maintains Hold Rating
Recommend 7 Positive 8 Negative 7 |
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DBS Group Research report said that ASMPT (00522.HK) saw a 1.7% YoY decline in 2Q25 earnings given narrowing margin, while 3Q25 revenue guidance went up 11% YoY, on the ride of AI-boosted advanced packaging business; both figures were in line. The broker raised its 2025 and 2026 earnings forecasts by 4.8% and 2.3%, respectively, based on a one-time large smartphone order and tax credit. The target price was increased from HKD66 to HKD68, but the Hold rating was maintained, as consumer electronics-related businesses were expected to take time to recover growth. AASTOCKS Financial News Website: www.aastocks.com |
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