Morgan Stanley predicts that ASMPT (00522) TCB revenue growth will exceed 100% in 2024.
According to the Zhidao Finance app, Morgan Stanley released a research report stating that it maintains an "increase in holdings" rating on ASMPT (00522) with a target price of HKD 130.
AXM CEO, a subsidiary of ASMPT, revealed at a summit that TCB has been deployed in more than 400 locations worldwide for applications such as CPU and LTE heterogeneous integration. The company previously stated that its TCB had reached about 350 units by February 28, and ASMPT has shipped more than 50 units since the end of February this year.
The bank expects that by 2026, TCB will account for 16% of ASMPT's total revenue, with a compound annual growth rate of 60% from 2023 to 2026. It is predicted that TCB's revenue growth will exceed 100% in 2024. The bank believes that with its leading technology position, ASMPT is expected to achieve strong growth in TCB tools.