Morgan Stanley: Cuts ASMPT (00522.HK) target price to HK$215, maintains "Overweight" rating.

Zhitong Finance APP has learned that Morgan Stanley issued a research report stating that it has lowered the target price of ASMPT (00522.HK) from HK$248 to HK$215 while maintaining an "Overweight" rating. The bank remains optimistic about the company's long-term growth prospects and believes that emerging opportunities such as EMIT-T, CoPoS, and photonics will provide growth momentum, but industry headwinds may limit short-term upside. The bank believes that the company's current valuation is attractive.