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ASM Pacific Technology Ltd 00522

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ASMPT Continues To Benefit From Very Strong Macro Conditions; FVE Lifted to HKD 105

Dan Baker Senior Equity Analyst

Analyst Note

| Dan Baker |

ASM Pacific Technology, or ASMPT, reported a very strong second-quarter result, with revenue up 38% and net profit up 100% year on year, respectively, on an underlying basis. The company also reported HKD 7.3 billion (USD 943 million) of bookings in the second quarter, implying a book-to-bill ratio of 1.4. Management indicated that revenue in the remainder of 2021 is also likely to be strong, supported by a record-high order backlog of HKD 11.5 billion (USD 1.5 billion). ASMPT remains leveraged to global semiconductor and electronics growth, in particular from 5G infrastructure and handset growth, increasing electrification and electronics usage in automobiles, and growth in Big Data and high-end computing. The drive for self-sufficiency in semiconductor supply from a number of countries is also helping equipment suppliers like ASMPT.

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Company Profile

Business Description

ASM Pacific Technology Holdings designs, manufactures and sells precision equipment used to assemble semiconductors and other electronic equipment. Listed on the Hong Kong Stock Exchange since 1989, ASMPT is headquartered in Hong Kong and has operations in Asia, Europe and the U.S. It is the largest supplier globally in both the assembly and packaging equipment market and the surface mounted technology market.

2 Yishun Avenue 7
Singapore, 768924, Singapore
T +65 67526311
Sector Technology
Industry Semiconductor Equipment & Materials
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2021
Stock Type
Employees 13,300

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