UBS: ASMPT (00522.HK) Q3 orders far exceed expectations; reiterates "Buy" with target price of HK$200
Zhitong Finance APP has learned that UBS released a research report stating that ASMPT (00522.HK) delivered strong order performance in the third quarter, reaching US$1.1 billion, up 25% quarter-on-quarter and 138% year-on-year, higher than the previously guided high single-digit quarter-on-quarter growth, with both the SEMI and SMT businesses recording record orders; the bank reiterated its "Buy" rating and maintained its target price of HK$200.
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