ASM Pacific Technology (522) Earnings: 2Q Gross Margin Misses Estimates at 40%, Interim Dividend Announced

ASM Pacific Technology on Smartkarma

Analysts on Smartkarma, such as Janaghan Jeyakumar, CFA and Brian Freitas, are providing insights on ASM Pacific Technology. Janaghan Jeyakumar discusses the potential index changes in the HSTECH Index, suggesting that the expected ADD ASMPT could have significant buy volume, while the expected DEL Ping An Healthcare could have notable sell volume. The analysis concludes that one-way flows due to index changes and capping could reach around US$733mn, subject to adjustments by early September 2024.

Brian Freitas highlights the upcoming HSTECH Index rebalance, indicating that ASM Pacific Technology is expected to replace Ping An Healthcare as a constituent. This change is projected to lead to a 3.7% one-way turnover and a substantial round-trip trade estimated at US$1bn. Despite short interest being low for both stocks, ASM Pacific Technology has seen a slight increase recently, indicating potential market activity around the index rebalancing.

A look at ASM Pacific Technology 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

ASM Pacific Technology Limited, a manufacturer of semiconductor back-end equipment, appears to have a promising long-term outlook based on the Smartkarma Smart Scores analysis. With a strong momentum score of 5, the company seems to be in a favorable position for future growth and performance. This suggests that ASM Pacific Technology has been showing positive trends and is gaining traction in the market.

Additionally, the company’s resilience score of 4 indicates its ability to withstand challenges and maintain stability. Combined with a growth score of 3, ASM Pacific Technology is positioned to capitalize on opportunities for expansion and development. While the value and dividend scores are relatively moderate, the overall outlook for ASM Pacific Technology seems optimistic, especially in terms of momentum and resilience.

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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma