In today’s briefing:
- Advantest (6857 JP): 3Q Results Point to Further Growth in 2022
Advantest (6857 JP): 3Q Results Point to Further Growth in 2022
- New orders dropped back QoQ in 3Q, but were up 43% YoY and 1.2x greater than sales. The order backlog hit another record high.
- FY Mar-22 sales and profit guidance was raised for the third time. Further growth seems likely next fiscal year.
- The share price has dropped to the bottom of its recent trading range. We expect a short-term rebound while the market assesses longer-term risks.
Before it’s here, it’s on Smartkarma
