CCBI Raises ASMPT TP to HKD190 as Quarterly Orders Hit Record with Positive Outlook
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CCBI has raised ASMPT's target price to HKD190 following record quarterly orders and a positive earnings outlook. The report highlights a 39% and 10% increase in adjusted net profit forecasts for FY2026 and FY2027, respectively, driven by strong sales and margin recovery. ASMPT's leading position in advanced packaging (AP) equipment, particularly in the TCB segment, supports this upgrade. The broker maintains an Outperform rating, emphasizing ASMPT as a solid long-term investment in the semiconductor sector.
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