October 20, 2026 02:51 PM GMT ASMPT Ltd | Asia Pacific | M | | Idea | | --- | --- | --- | | October 20, 2026 02:51 PM GMT | | | | ASMPT Ltd Asia Pacific | Morgan Stanley Asia Limited+ | | | | Daisy Dai, CFA | | | | Equity Analyst | | | 3Q26 Preview: Stronger for | Daisy.Dai@morganstanley.com | +852 2848-7310 | | | Morgan Stanley Taiwan Limited+ | | | Longer | Charlie Chan Equity Analyst Charlie.Chan@morganstanley.com | +886 2 2730-1725 | | Despite weak sentiment toward semi equipment stocks, we | Daniel Yen ...

Ac t i o n | 06 Oct 2026 02:35:58 ET │ 51 pages JX Advanced Metals (5016.T) JXAM in the longer run - upstream underpin of AI supply chain, expecting tight InP substrate supply/demand for many years CITI'S TAKE JXAM offers numerous upstream materials that underpin the AI supply chain. Moreover, its products are highly competitive and command high market shares. Among the company's focus businesses, semiconductor targets contribute the most to earnings, and we expect stable and high growth here. We think InP ...

11 October 2026 | 10:08AM HKT Equity Research ASMPT (0522.HK): TCB and Photonics to ride on generative AI trend; Neutral We are positive on ASMPT's advanced packaging applications, supported by technology migration toward smaller pitch and increasing applications in GPUs, ASICs and HBM. We expect revenues to grow by 5% / 3% QoQ to HK$5,172mn / HK$5,325mn in 3Q26E / 4Q26E, driven by TCB and photonics tools as well as continued AI-server demand for SMT equipment. We expect TCB demand to benefit from advanced ...