ASE Technology Holding (3711) Earnings Report: Record April Sales of NT$45.82T Indicate Promising Growth Opportunities

ASE Technology Holding on Smartkarma

Analyst coverage of ASE Technology Holding on Smartkarma by Patrick Liao indicates positive sentiments towards the company’s performance and outlook. Liao’s research reports highlight the recovery seen in various sectors since 1Q24, with continued growth expected in the second half of 2024. ASEH’s increased capex for 2024F to invest in testing business and the anticipation of growth in all product lines, particularly in the UTR segment, signal a promising outlook for the company.

Moreover, Liao’s insights suggest that ASEH anticipates a return to normal seasonality in 2Q24F, with a focus on completing inventory adjustments in the first half of the year to accelerate growth in the second half. The outlook for 2024F shows a projected ~10% YoY growth, with expectations for IC-ATM to perform in line with the semiconductor logic market. Overall, the analyst coverage on ASE Technology Holding reflects optimism regarding its performance and growth prospects moving forward.

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

Analysts leveraging the Smartkarma Smart Scores have assessed ASE Technology Holding’s outlook across key criteria. While the company demonstrates strength in dividends and momentum, with scores of 5 and 4 respectively, its value, growth, and resilience scores sit at 3. This suggests a stable performance in terms of growth potential and market resilience, although there may be room for improvement in value-based metrics.

ASE Technology Holding Co., Ltd. stands as a prominent player in the semiconductor industry, offering a range of assembly and testing services in Taiwan. The company’s strong focus on dividends and positive momentum indicates a favorable standing, while opportunities may exist to enhance aspects related to value, growth, and resilience to further enhance its long-term prospects.

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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