Earnings Alerts

ASE Technology Holding (3711) Earnings: July Sales Surge 6.7% to NT$51.60B

  • ASE Technology reported July sales of NT$51.60 billion.
  • This is a 6.7% increase compared to last year’s NT$48.35 billion in July.
  • The company received 13 buy recommendations.
  • There are 8 hold recommendations.
  • Additionally, there are 2 sell recommendations.
  • Sales comparisons are based on the company’s original disclosures.

ASE Technology Holding on Smartkarma

Analyst Coverage on ASE Technology Holding

Analysts on Smartkarma have provided insightful coverage on ASE Technology Holding. Vincent Fernando, CFA, in a report titled “ASE Color Suggests Widening Performance Gap Between Leading-Edge and Mature Semiconductor Players,” highlights the widening gap between leading-edge and traditional semiconductor technologies. Capital requirements are rising, making it challenging for smaller players to keep up. Fernando emphasizes the need for heavy investments by ASE.

Another analyst, Patrick Liao, in his report “ASEH (3017.TT; ASX.US): Selective Products Have Hit Bottom While General Products Lag Behind,” points out that selective products have hit bottom while general products are slower in recovery. Sales growth in EMS and IC-ATM sectors is expected, driven by strong AI demand. Liao projects growth in 3Q24 but notes a muted recovery in other general demands. The Tech Supply Chain Tracker also foresees ASE boosting sales in the second half of 2024 through cutting-edge technology.


A look at ASE Technology Holding Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysing ASE Technology Holding’s overall outlook using Smartkarma Smart Scores reveals a promising long-term future. With solid scores in Dividend and Momentum, investors can expect steady returns and a company that is gaining traction in the market. The company’s resilience score also indicates a level of stability and ability to weather potential economic downturns. While its Value and Growth scores are slightly lower, ASE Technology Holding’s strong performance in other areas bodes well for its future growth potential.

ASE Technology Holding Co., Ltd., based in Taiwan, specializes in providing assembly and testing services within the semiconductor industry. As an outsourced provider for semiconductor testing, packaging, and related services, the company plays a crucial role in the supply chain. With a balanced mix of strengths across its Smartkarma Smart Scores, ASE Technology Holding appears well-positioned to navigate the competitive landscape and capitalize on opportunities for sustained growth and profitability.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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