智通财经网·2026-01-13 06:22Core Viewpoint - ASMPT's stock price increased by 4.28% to HKD 93.9, with a trading volume of HKD 179 million, driven by the rising demand in the global semiconductor industry due to AI computing power and storage needs [1] Industry Summary - The global semiconductor industry is experiencing growth, with East Wu Securities predicting a strong expansion cycle for domestic semiconductor equipment starting in 2026, with order growth in the semiconductor equipment sector expected to exceed 30%, potentially reaching over 50% [1] - The semiconductor industry is characterized by high prosperity, supported by clear expectations for future growth [1] Company Summary - ASMPT has seen a continuous year-on-year increase in new orders for six consecutive quarters, driven by the synergy between AI server demand and domestic market needs, leading to a recovery in Surface Mount Technology (SMT) [1] - The company is entering a new upward cycle with the expansion of High Bandwidth Memory (HBM), and improvements in advanced packaging, SMT structure, and cost optimization are contributing to a turning point in gross margin and profitability [1] - Financial projections indicate significant earnings elasticity for ASMPT from 2025 to 2027, with a positive outlook on the company's market share growth in China [1]