Zhi Tong Cai Jing·2026-03-05 09:44Group 1 - The core viewpoint of the report indicates that ASMPT (00522) achieved an adjusted net profit of 181 million in the fourth quarter of last year, with revenue guidance for the first quarter of fiscal year 2026 exceeding expectations [1] - The company forecasts a 40% year-on-year and 20% quarter-on-quarter increase in order volume [1] - ASMPT has raised its total addressable market (TAM) forecast for thermal compression bonding (TCB) to 1.6 billion, while maintaining its market share target of 35% to 40% [1] Group 2 - The company's mainstream business growth is being driven by advancements in artificial intelligence [1] - The adjusted net profit forecasts for this year and next year have been increased by 15% to 1.176 billion and by 5% to 1.82 billion, respectively [1] - The target price has been raised from 95 HKD to 130.7 HKD, with a maintained rating of "outperform" [1]