Earnings Update: ASE Technology Holding (3711) Reports Robust April Sales of NT$45.82B, Analysts Weigh In

ASE Technology Holding on Smartkarma

Analyst coverage on ASE Technology Holding by Patrick Liao on Smartkarma reveals a positive outlook for the company. In a recent report titled “1Q24F Results Were Better, and the Outlook for 2024F Was Very Positive,” Liao highlights the recovery across sectors since 1Q24, with expectations of growth in all product lines in 2H24F. The company has increased capex for 2024F to invest further in the testing business, aiming to target turnkey or testing customers. Additionally, strong performance is predicted for APT and UTR growth in the second half of 2024. Read more (Source: Patrick Liao on Smartkarma).

In another report titled “Expects 2Q24F Back to Normal Seasonality and 2H24 Will Start the Recovery,” Liao anticipates ASEH to complete inventory adjustments in the first half of 2024, paving the way for accelerated growth in the second half. The company expects IC-ATM to align with the semiconductor logic market and foresees most customers returning to a recovery path by at least 3Q24F. This positive sentiment is echoed in the company’s 2024F outlook, forecasting a low double-digit year-on-year growth. Find out more (Source: Patrick Liao on Smartkarma).

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 evaluating the long-term prospects of ASE Technology Holding Co., Ltd. are optimistic, with a promising outlook based on the Smartkarma Smart Scores. The company has received a high score in Dividend, indicating strong dividend performance. Additionally, ASE Technology Holding scored well in Momentum, pointing to positive market momentum for the company. While Value and Growth scores are moderate, the company’s Resilience score is stable, reflecting its ability to withstand market challenges.

ASE Technology Holding Co., Ltd., based in Taiwan, specializes in providing assembly and testing services for semiconductors. The company’s offerings include outsourced assembly, semiconductor testing, packaging, and related services. With favorable scores in Dividend and Momentum, ASE Technology Holding appears well-positioned for long-term growth and stability in the industry.

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