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<Research>Macquarie Upgrades ASMPT (00522.HK) to Outperform, Elevates TP by 88% to $117.81
Recommend 9 Positive 9 Negative 15 |
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ASMPT (00522.HK)'s advanced packaging (AP) long-term growth visibility increased, Macquarie released a research report saying. Macquarie raised its 2024/ 2025 earnings forecasts by 25%/ 3% each, and increased the valuation base, with the projected PB ratio surging from 1.6x to 2.7x (average value after 2017). Macquarie also elevated its target price by 88% to $117.81. Considering the expectation of an incline in AP orders from fabs and others, Macquarie upgraded ASMPT from Underperform to Outperform. AAStocks Financial News |
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