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CLSA Elevates ASMPT (00522.HK) TP to $182.7, Keeps Outperform Rating
2026-04-23 09:54:20
ASMPT (00522.HK)'s 1Q26 results beat expectations, with an adjusted net profit of $335 million, 41% above market consensus, CLSA published a research report saying. Revenue for 1Q26 increased by 32% YoY to $3.97 billion, while bookings surged 72% YoY to $5.67 billion, the highest level in the past four years.

CLSA expected continued AI popularization to drive structural demand growth for TCB, photonics, CPO and mainstream solutions. The broker raised its 2026-2028 earnings forecasts for ASMPT by 43%/ 40%/ 32%. Based on an unchanged 30x 2027 PE ratio forecast, CLSA elevated its target price from $130.7 to $182.7, with rating kept at Outperform.
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