智通财经APP获悉，麦格理发布研报称，下调ASMPT(00522)评级至“中性”，目标价由111港元大幅下调至68港元，将ASMPT今年及明年盈利预测分别下调85%及67%，此相当于预测市账率1.8倍。该行认为投资者宜等待更佳的介入点。
麦格理表示，ASMPT去年第四季业绩表现逊于预期，主要是表面黏着技术(SMT)业务毛利率低，收入同比持平至34亿港元，大致符合预期。毛利率同比跌509个基点，逊于预期，每股盈利同比跌94%，逊于预期。
该行料，公司SMT业务将持续受压，由于终端市场疲软，令其面临巨大的销量及价格压力，该行相信，该情况将会持续下去，并有机会进一步侵蚀利润率。管理层表示，SMT订单能见度较低，尤其在汽车及工业等领域，目前表现疲软。该行预料，今年下半年或会触底，但呈提前复苏的上行风险。
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