The Zhitong Finance App learned that Goldman Sachs released a research report stating that it will raise the target price of ASMPT (00522.HK) for the next 12 months by 3% from HK$177 to HK$183 to maintain a “neutral” rating. The bank has a positive view on ASMPT advanced packaging applications, believing that it will benefit from the migration of technology to smaller spacing and the increase in GPU, ASIC and HBM applications. The bank expects the company's third-quarter and fourth-quarter revenue to increase by 5% and 3%, respectively, to HK$5.172 billion and HK$5.325 billion, mainly driven by TCB and photonics equipment, and SMT equipment continuing to be driven by demand for AI servers.

The Zhitong Finance App learned that Goldman Sachs released a research report stating that it will raise the target price of ASMPT (00522.HK) for the next 12 months by 3% from HK$177 to HK$183 to maintain a “neutral” rating. The bank has a positive view on ASMPT advanced packaging applications, believing that it will benefit from the migration of technology to smaller spacing and the increase in GPU, ASIC and HBM applications. The bank expects the company's third-quarter and fourth-quarter revenue to increase by 5% and 3%, respectively, to HK$5.172 billion and HK$5.325 billion, mainly driven by TCB and photonics equipment, and SMT equipment continuing to be driven by demand for AI servers.