ASMPT Ltd
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$53.00 | Slllz | Yqsztmxm |
ASMPT Earnings: No Turnaround and Only Limited Growth in 2024 Expected
ASMPT’s management guided on second-quarter revenue, implying an 18% decline year on year but a 2.3% increase quarter on quarter at the midpoint of the guidance range. The semiconductor segment, which usually leads the surface mount technology solutions segment, drove the expected sequential growth. First-quarter revenue declined by 20% year on year, with earnings per share down 44% year on year. ASMPT is experiencing strong demand from advanced packaging, is a higher-margin product set, and is leveraged to growth in high-performance computing, or HPC, and generative artificial intelligence.