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Asetek will release its Q4 results on 8 March; investor focus will be on 2023 guidance. Despite continued macroeconomic uncertainties, we expect the gaming market to gradually improve driven by new CPU and GPU launches, as well as stablisation of the industry’s inventory reduction. Furthermore, easing shipping costs should support Asetek’s earnings outlook. Our estimates are unchanged, and we see an inflection point in 2023.
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