share_log

花旗:予ASMPT(00522)“买入”评级 目标价110港元

Citi: Rated asmpt (00522) as 'buy' with a target price of 110 Hong Kong dollars.

Zhitong Finance ·  Oct 3, 2024 02:16

Citi maintains a positive view of ASMPT. It is expected that ASMPT will benefit from the growth in demand for TCB equipment in the future, as well as the stabilization of two mainstream technologies, SEMI and SMT in 2025.

The Zhitong Finance App learned that Citi released a research report, according to media quoting people familiar with the matter, US private equity firm KKR is considering making a takeover offer for ASMPT (00522), a semiconductor and electronic equipment manufacturer worth about 5 billion US dollars. The report points out that privatization is positive for ASMPT messages and provides downstream support for ASMPT. The stock was given a “buy” rating, with a target price of HK$110.

The bank pointed out that ASM International, the majority shareholder holding 25% of ASMPT's shares, has held about 0.103 billion shares in ASMPT since 2017, and did not reduce its holdings at the previous high of 131 yuan. The bank believes that the price per share of a potential takeover offer would need to be higher than ASMPT's previous high before it has a chance of being approved.

The report points out that the recent rebound in Hong Kong stocks and A-shares has diverted investors' attention from artificial intelligence concept stocks, but the bank maintains a positive view of ASMPT. It is expected that ASMPT will benefit from the growth in demand for TCB equipment in the future, as well as the stabilization of two mainstream technologies, SEMI and SMT in 2025.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment