Ge Long Hui·2026-02-11 05:37Core Viewpoint - Morgan Stanley upgraded ASMPT's rating from "Neutral" to "Overweight" and raised the target price from HKD 76 to HKD 125, citing strong capital expenditure trends in advanced logic packaging and initial signs of improvement in the mainstream outsourced semiconductor assembly and test (OSAT) market [1] Group 1 - The company’s earnings per share forecasts for fiscal years 2026 and 2027 were increased by 7% and 15% respectively [1] - ASMPT is expected to raise its long-term total addressable market estimates for thermal compression bonding (TCB) equipment and is confident in gaining more market share in this segment [1] - The capital expenditure environment in the Chinese market and among mainstream OSAT vendors is becoming more favorable [1]