Zhongtong Finance obtained information that Minsheng Securities issued a research report and gave a "recommended" rating for the first time covering ASMPT (00522), expecting the company to achieve revenue of HKD 15.039 billion / HKD 18.134 billion / HKD 21.292 billion and net income attributable to the parent company of HKD 1.201 billion / HKD 2.005 billion / HKD 2.891 billion from 2024 to 2026; optimistic about ASMPT's leading position in the packaging equipment industry and the growth brought by downstream computing power applications. ASMPT, as the world's leading provider of semiconductor packaging equipment, has strong product strength.

The report stated that in recent years, affected by the semiconductor packaging and testing and electronic manufacturing industry cycles, the performance fluctuated slightly. In 2023, the company achieved revenue of HKD 14.697 billion and net profit of HKD 715 million. In terms of business segments, the SEMI business sector had revenue of HKD 6.365 billion in 2023, accounting for 43.82% of the company's total revenue, and the SMT business sector had revenue of HKD 8.332 billion, a year-on-year decrease of 10%, accounting for 56.18% of the company's total revenue. In terms of orders, the SEMI sector achieved the first recovery in the fourth quarter of 23, and achieved continuous quarter-on-quarter growth in the first quarter of 24. The incremental demand for advanced packaging equipment brought by computing power applications is expected to become the main driving force for the company's growth.