ASE Technology Holding (3711) Earnings: June Sales Increase to NT$46.93B, Up 0.4% Y/Y

ASE Technology Holding on Smartkarma

ASE Technology Holding has been receiving positive analyst coverage on Smartkarma from various sources. Tech Supply Chain Tracker‘s recent report highlighted ASE’s plans to accelerate sales growth in the second half of 2024 through cutting-edge technology. The report also discussed key developments such as Introspect CEO’s GDDR7 memory test system and Taiwan’s challenges in space exploration. Additionally, analyst Patrick Liao pointed out that ASE’s first-quarter 2024 results were better than expected, with predictions of growth across all product lines in the second half of the year.

ASEH (3711.TT; ASX.US) is optimistic about its future performance, expecting a rebound in the second quarter of 2024 after inventory adjustments in the first half. Liao’s analysis suggests a slight decline in revenue for the first quarter but anticipates a strong growth trajectory for the full year 2024. These analyst insights provide investors with valuable perspectives on ASE’s business outlook and growth potential in the coming months.

A look at ASE Technology Holding Smart Scores

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

ASE Technology Holding Co., Ltd., an assembly and testing services company based in Taiwan, shows a mix of scores according to Smartkarma Smart Scores. With a top score in Dividend at 5, investors can expect consistent and attractive dividend payouts from ASE Technology Holding. However, its Resilience score of 2 signals some potential vulnerability in adverse market conditions. The company also receives moderate scores in Value, Growth, and Momentum, indicating room for improvement in these areas for long-term growth potential.

Looking ahead, ASE Technology Holding’s outlook appears promising with a strong focus on rewarding shareholders through dividends. However, the company may need to address areas such as resilience and momentum to capitalize on growth opportunities in the future. Investors should keep an eye on how ASE Technology Holding strategically navigates these aspects to drive sustained value and competitiveness in the assembly and testing services sector.

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.
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