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<Research>M Stanley Rates ASMPT as Overweight; 1Q Bookings Hit 4-Yr High; 2Q Outlook Promising
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ASMPT (00522.HK) has announced its 1Q26 results, with bookings surging by 46% QoQ or 72% YoY to a four-year high of USD727 million, exceeding Morgan Stanley's expectations, according to the broker's research report. Morgan Stanley expects ASMPT's 2Q26 revenue to reach USD540-600 million, representing 12.2% QoQ or 37% YoY growth at the midpoint, 5% and 7% above the broker's and the market's expectations, respectively, mainly driven by the SEMI segment. The broker has kept an Overweight rating for ASMPT, with a target price of HKD148. Auto-translated by AI AASTOCKS Financial News |
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