智通财经网·2025-10-31 02:19Core Viewpoint - The increasing importance of advanced packaging in integrated circuit production has led to an upgrade in ASMPT's target price and valuation metrics by Jianyin International, reflecting the company's strong position in the semiconductor packaging equipment sector [1] Group 1: Company Analysis - Jianyin International raised ASMPT's target price by 9%, from HKD 90 to HKD 98, and adjusted the target price-to-book ratio from 2.3x to 2.5x for 2026 [1] - ASMPT is recognized as a leading manufacturer of semiconductor packaging equipment with strong advanced packaging capabilities, making it a quality stock for long-term investment [1] - The company is expected to benefit from the increasing criticality of advanced packaging for integrated circuit miniaturization [1] Group 2: Financial Forecasts - Due to a one-time project drag, the earnings per share (EPS) forecast for ASMPT in 2025 has been reduced by 89% [1] - The gross margin and operating expense assumptions have been adjusted conservatively, leading to a 33% and 10% downward revision of the 2026-2027 forecasts, respectively [1] - The book value per share (BVPS) estimates for 2025-2027 have been lowered by 3% [1]