ASMPT(00522) 证券时报网·2024-11-20 05:43Group 1 - Morgan Stanley has initiated coverage on ASMPT with a "Market Perform" rating and a target price of HKD 82 [1] - Despite a slow recovery in the semiconductor and electronics manufacturing industry, ASMPT has made breakthroughs in the high bandwidth memory (HBM) market [1] - Management forecasts a 3.5% year-over-year decline in sales revenue for Q4, estimating it to be between USD 420 million and USD 424 million, with new orders expected to remain flat [1] Group 2 - Surface mount technology continues to face challenges from market weakness and inventory digestion [2] - Morgan Stanley is optimistic about ASMPT's hot-press welding applications in the HBM market, projecting a 65% compound annual growth rate in related revenue from 2023 to 2026 [2]