Summary: ASM Pacific Technology Ltd. - S&P Global Ratings’ Credit Research

Summary: ASM Pacific Technology Ltd.

Summary: ASM Pacific Technology Ltd. - S&P Global Ratings’ Credit Research
Summary: ASM Pacific Technology Ltd.
Published Apr 03, 2014
1953 words — Published Apr 03, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Our 'BB+' long-term corporate credit rating on Hong Kong-based semiconductor equipment manufacturer ASM Pacific Technology Ltd. (ASMPT) is derived from: Our anchor of 'bb+' based on our "fair" business risk profile and "intermediate" financial risk profile assessments for the company. The modifiers have no impact on the rating. Volatile margins. Exposure to technology risk in the back end equipment business. Established market position. Diversified product and customer portfolio. Positive free cash flow in the coming two years. Adequate cash to cover short-term borrowings. Higher dividend payout than peers'. Increase in debt following the acquisition of DEK Corp. The stable outlook reflects our expectation that ASMPT will maintain its established market position in the back end semiconductor equipment market, leverage its

  
Brief Excerpt:

RESEARCH Summary: ASM Pacific Technology Ltd. Publication date: 03-Apr-2014 Primary Credit Analyst: Dennis Lee, Hong Kong (852)2533-3563; dennis.lee@standardandpoors.com Secondary Contact: JunHong Park, Hong Kong (852) 2533-3538;...

  
Report Type:

Summary

Issuer
ASM Pacific Technology Ltd.
Sector
Global Issuers
Country
Cayman Islands
Region
Latin America
Format:
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ASM Pacific Technology Ltd. – 2015/02/11 – US$ 500.00

Summary: ASM Pacific Technology Ltd. – 2015/02/11 – US$ 225.00

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Summary: ASM Pacific Technology Ltd. – 2016/01/28 – US$ 225.00

ASM Pacific Technology Ltd. – 2017/02/06 – US$ 500.00

ASM Pacific Technology Ltd. – 2014/04/03 – US$ 500.00

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MLA:
S&P Global Ratings’ Credit Research. "Summary: ASM Pacific Technology Ltd." Apr 03, 2014. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-ASM-Pacific-Technology-Ltd-1289966>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: ASM Pacific Technology Ltd. Apr 03, 2014. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-ASM-Pacific-Technology-Ltd-1289966>
  
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