Credit Suisse lowered its target price for ASM Pacific (00522) to HK$131 from HK$141 and maintained its "outperform" rating.
The research house said it sees improving business execution and product mix as a result of GM improvement should support mid to upcycle valuation despite near-term capex peaking, but several structure trends (advance packaging, automotive and mini-LED) will likely continue to support a new capex cycle for ASM Pacific.
etnet榮獲HKEX Awards 2023 「最佳表現證券數據供應商」大獎► 了解詳情
