TC

29/07/2021 17:13

{I-bank focus}CS lowers ASM Pacific (00522) to HK$131

[ET Net News Agency, 29 July 2021] 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. (RC)

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