ASE Technology Holding (3711) Q2 Earnings: Net Income Surpasses Expectations with 2.9% Revenue Growth

ASE Technology Holding on Smartkarma

Analyst coverage of ASE Technology Holding on Smartkarma is positive and insightful. Tech Supply Chain Tracker‘s report highlights ASE’s plans to accelerate sales growth in the second half of 2024 through cutting-edge technology and innovative solutions. Introspect CEO’s discussion on their GDDR7 memory test system showcases a competitive edge. The appointment of N Chandrasekaran as chair of Tata Electronics signals entry into the semiconductor industry. Triton’s impact on Taiwan’s satellite self-sufficiency and potential Apple partnership speculation with a leading EV startup generate interest.

Analyst Patrick Liao‘s analysis also reflects optimism, with ASEH expecting recovery in various sectors post 1Q24 and anticipating growth across all product lines in 2H24F. Increase in capex for 2024F highlights a focus on testing business investments. Expectations for UTR growth in 2H24F above 70% indicate positive momentum. ASEH’s outlook for 2Q24F signals a return to normal seasonality and a start to recovery in 2H24. The company aims to complete inventory adjustments in 1H24 to accelerate growth in the second half of the year.

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. is projected to have a positive long-term outlook based on its Smartkarma Smart Scores. With a high Dividend score of 5, investors can expect attractive returns through dividends. The company also scores well in Momentum with a score of 4, indicating strong growth potential in the future. ASE Technology Holding’s Value score of 3 suggests that the company is reasonably priced in the market, providing a good investment opportunity.

However, there are some areas where ASE Technology Holding may face challenges. The company’s Resilience score of 2 implies a lower capability to withstand economic downturns and market volatility. Additionally, with a Growth score of 3, the company might need to focus on strategies to drive expansion and innovation. Overall, ASE Technology Holding’s unique position in offering assembly and testing services in the semiconductor industry in Taiwan suggests a mix of opportunities and risks for investors to consider.

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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