BofAS Raises ASMPT TP to HKD190, Reiterates Buy
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BofAS has raised its target price for ASMPTfrom HKD160 to HKD190, maintaining a Buy rating. The company's 1Q26 results exceeded expectations, with revenue reaching HKD4 billion, a 27% YoY increase. Non-GAAP gross margin was 39.5%, and EPS was HKD0.8, surpassing forecasts. BofAS increased its EPS forecasts for 2026, 2027, and 2028 by 21%, 14%, and 13%, respectively, due to strong growth in semiconductor equipment and SMT sales.
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