TC

29/07/2021 17:13

{I-bank focus}CS lowers ASM Pacific (00522) to HK$131

    Credit Suisse lowered its target price for ASM Pacific (00522) to HK$131 from HK$141 and maintained its "outperform" rating.
  The research house said it sees improving business execution and product mix as a result of GM improvement should support mid to upcycle valuation despite near-term capex peaking, but several structure trends (advance packaging, automotive and mini-LED) will likely continue to support a new capex cycle for ASM Pacific.

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