25 Jan 2026 03:58:06 ET │ 12 pages Advanced Micro-Fabrication Eq (688012.SS) 2025 Preliminary Earnings In-Line with Consensus but Beat CitiE CITI'S TAKE China's semiconductor etching machine maker AMEC voluntarily released its 2025 preliminary results 23 January, indicating that 2025 net profit could increase by 29%-35% YoY to Rmb2.08bn-2.18bn. The mid-point of the earnings range – Rmb2.13bn – is in-line with Bloomberg consensus but 12% ahead of CitiE, which we believe is due to higher investment income. De ...

EU Semiconductors ASML Holding NV Rating Outperform Price Target ASML.NA 1,400.00 EUR (1,300.00 OLD) ASML 1,642.00 USD (1,528.00 OLD) ASML: Don't forget DUV. Outperform We find the DUV upside for ASML is currently overlooked. Investors usually focus more on the EUV forecasts, as it's driving leading edge node migration and growing much faster than DUV. However, in the current semiconductor landscape, where capacity expansion in advanced logic and DRAM is accelerating, increase in EUV shipments inherently re ...

长沙晚报全媒体记者 徐运源 通讯员 冯建刚 聂庆 厚植沃土，"创新种子"拔节生长 长沙科技型中小企业首次突破万家，新质生产力多赛道开花 先进制造领域，硬核突破不断涌现。在湖南艾科威半导体装备有限公司车间，技术人员正在调试 VCSEL立式氧化炉。该设备不仅填补国内高端氧化设备空白，更在低温控温精度与均匀性上实现"国际 领先"。这家看中良好营商环境与完善产业链，选择落户望城经开区的企业，研发的技术产品已服务300 余家行业领军企业。 5分钟完成中医"望闻问切"的机器人，24小时守护校园安全的"千里眼"，打破国外垄断的半导体设 备……这些在不同赛道涌现的科技成果，如同一块块拼图，构筑起一座创新之城的生动画卷。 来自市科技局的数据显示：2025年，长沙科技型中小企业数首次破万，已有1.2万余家。这一亮眼的数 字背后，技术合同成交额同步突破1500亿元，彰显了长沙的创新效能正加速释放。 连日来，记者采访发现，这些企业遍布在长沙市17条重点产业链，既有本土培育的创新力量，也有从外 地招引的优质企业，更有从高校走出的创业新锐。它们共同构成了长沙建设全球研发中心城市的底座， 书写着科技创新和产业创新深度融合的实践故事，为星城 ...

ASML Holding N.V. (NASDAQ:ASML) is one of the Buzzing AI Stocks Analysts are Watching. On January 16, Bernstein SocGen Group analyst David Dai reiterated an Outperform rating on the stock with a $1,528.00 price target. The firm is strongly positive on ASML as it sees structural demand upside for the stock into 2026–2029. On January 15, TSMC “smashed” market expectations when it announced a capital expenditure guidance of $52-56 billion for 2026, a 32% year-over-year increase from its 2025 capex of $40.8 b ...

Applied Materials (AMAT) has been on a solid upward trajectory, with its stock rising about 72.4% over the past six months and reaching a new high. This strong performance reflects growing investor confidence in the company’s ability to capitalize on the accelerating adoption of artificial intelligence (AI). The ongoing investments in AI are driving demand for advanced semiconductor manufacturing equipment, supporting its financials and share price. AMAT is one of the world’s leading suppliers of wafer f ...

2026年1月22日，证监会官网显示：江苏邳州的半导体设备企业鲁汶仪器已在江苏证监局完成上市辅导备案，正式启动A股IPO，辅导机构是中 信证券这家头部券商。表明这家在半导体装备领域扎根十余年的"江苏独角兽"，要向资本市场进军了。 鲁汶仪器官网显示，公司主打为集成电路制造提供装备和工艺方案，产品能覆盖逻辑芯片、存储、功率器件、光学、微显示等多个领域的关键 工序。其中，离子束塑形设备（IBS）、离子束沉积设备（IBD）处于行业靠前水平，同时还能提供电感耦合等离子体刻蚀设备（ICP）、薄膜 沉积设备（CVD）、气相分解金属沾污收集设备（VPD）等全套晶圆制造及检测设备，产品种类全、附加值高。 鲁汶仪器目前已手握422项专利，近期凭借"一种喷气结构和等离子体刻蚀机"专利，解决了等离子体浓度均匀性的难题——通过多方向周期性 喷气优化刻蚀效果，刚好匹配5G、人工智能等领域对高精度刻蚀的需求。更关键的是，其研发的磁存储刻蚀机，攻克了磁随机存储器 （MRAM）小尺寸生产的技术难关，有机会打破海外厂商的垄断。靠着这些硬技术，鲁汶仪器不仅入选了2025年江苏独角兽企业名单，还累 计参与215次招投标，市场认可度相当高。 不完全统 ...

鲁汶仪器官网显示，公司主打为集成电路制造提供装备和工艺方案，产品能覆盖逻辑芯片、存储、功率器件、光学、微显示等多个领域的关键 工序。其中，离子束塑形设备（IBS）、离子束沉积设备（IBD）处于行业靠前水平，同时还能提供电感耦合等离子体刻蚀设备（ICP）、薄膜 沉积设备（CVD）、气相分解金属沾污收集设备（VPD）等全套晶圆制造及检测设备，产品种类全、附加值高。 鲁汶仪器 目前 已手握422项专利，近期凭借"一种喷气结构和等离子体刻蚀机"专利，解决了等离子体浓度均匀性的难题——通过多方向周期性 喷气优化刻蚀效果，刚好匹配5G、人工智能等领域对高精度刻蚀的需求。更关键的是，其研发的磁存储刻蚀机，攻克了磁随机存储器 （MRAM）小尺寸生产的技术难关，有机会打破海外厂商的垄断。靠着这些硬技术，鲁汶仪器不仅入选了2025年江苏独角兽企业名单，还累 计参与215次招投标，市场认可度相当高。 2026年1月22日，证监会官网显示：江苏邳州的半导体设备企业鲁汶仪器已在江苏证监局完成上市辅导备案，正式启动A股IPO，辅导机构是中 信证券这家头部券商。表明这家在半导体装备领域扎根十余年的"江苏独角兽"，要向资本市场进军了。 | ...

Group 1: Betterware de Mexico SAPI de C - Betterware de Mexico SAPI de C has a Zacks Rank 1 (Strong Buy) and a Zacks Consensus Estimate for current year earnings increased by 0.6% over the last 60 days [1] - The company's shares gained 52.6% over the last three months compared to the S&P 500's gain of 2.5% [2] - Betterware de Mexico possesses a Momentum Score of A [2] Group 2: Lam Research - Lam Research has a Zacks Rank 1 and a Zacks Consensus Estimate for current year earnings increased by 0.8% over the last 60 days [2] - The company's shares gained 49.8% over the last three months compared to the S&P 500's gain of 2.5% [3] - Lam Research possesses a Momentum Score of B [3] Group 3: Amphenol - Amphenol has a Zacks Rank 1 and a Zacks Consensus Estimate for current year earnings increased by 0.3% over the last 60 days [3] - The company's shares gained 12.9% over the last three months compared to the S&P 500's gain of 2.5% [4] - Amphenol possesses a Momentum Score of B [4]

Summary of ASMPT (0522.HK) Conference Call Company Overview - **Company**: ASMPT - **Industry**: Semiconductor and LED assembly and packaging equipment supplier - **Founded**: 1975 - **Market Cap**: HK$42,530 million (US$5,453 million) [7] Key Points Target Price and Valuation - **Target Price**: Raised to HK$125 based on a peak valuation of 35x P/E for 2026E, reflecting strong sector re-rating and potential from SMT business reassessment [1][5] - **Historical Valuation**: ASMPT shares have typically traded at 15x-25x forward P/E, but could break out of this range as it transitions to a pure SEMI play [5] Earnings Projections - **2026E Net Profit**: Estimated at HK$1.475 billion with a diluted EPS of HK$3.53, representing an 847.2% growth from 2025E [6][10] - **2027E Net Profit**: Expected to rise to HK$1.995 billion with a diluted EPS of HK$4.78, a 35.3% increase from 2026E [6][10] Strategic Business Moves - **SMT Divestiture**: ASMPT is exploring strategic options for its SMT business, including divestiture, which could enhance share valuation by focusing solely on SEMI and advanced packaging (AP) [3][10] - **SOTP Analysis**: Suggests a value per share exceeding HK$130, with SEMI/SMT net profit estimates of HK$1.0 billion/HK$475 million in 2026E and HK$1.2 billion/HK$753 million in 2027E [4][10] Industry Dynamics - **OSAT Capex Growth**: Increased capital expenditure in advanced packaging driven by robust demand in high-performance computing (HPC) is expected to benefit AP equipment vendors [2] - **AI-Driven Demand**: ASMPT is positioned to benefit from rising demand for AI-driven advanced packaging solutions, particularly in TCB (Through Silicon Via) applications [24][25] Risks - **Downside Risks**: Include potential slowdown in AI infrastructure investment, loss of TCB market share, reduced demand due to alternative technologies, intensifying competition, and export restrictions affecting back-end equipment [26] Financial Metrics - **2023A Net Profit**: HK$715 million with a diluted EPS of HK$1.73, reflecting a -72.7% decline [6] - **2024A Net Profit**: Expected to drop to HK$345 million with a diluted EPS of HK$0.83, a -51.9% decrease [6] - **2025E Net Profit**: Projected at HK$155 million with a diluted EPS of HK$0.37, a -55.2% decline [6] Market Performance - **Expected Share Price Return**: 22.8% with an expected total return of 24.9% [7] - **Dividend Yield**: Expected at 2.1% for 2026E [7] Conclusion - ASMPT is positioned for significant growth driven by strategic divestitures and increasing demand in the semiconductor industry, particularly in advanced packaging solutions. The company's focus on transforming into a pure SEMI play is expected to unlock additional shareholder value.

Core Insights - Wall Street analysts forecast Lam Research (LRCX) will report quarterly earnings of $1.17 per share, reflecting a year-over-year increase of 28.6% and revenues of $5.23 billion, which is a 19.6% increase compared to the same quarter last year [1] Earnings Estimates - Over the last 30 days, there has been a 1.8% upward revision in the consensus EPS estimate for the quarter, indicating analysts' collective reassessment of their initial forecasts [2] - Revisions to earnings estimates are crucial indicators for predicting potential investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3] Revenue Projections - Analysts expect 'Revenue- Customer support-related revenue and other' to be $1.78 billion, indicating a year-over-year change of +1.5% [5] - The combined assessment suggests 'Revenue- Systems' will likely reach $3.44 billion, reflecting a +31% year-over-year change [5] - For 'Leading- and non-leading-edge equipment and upgrade Revenue - Memory', analysts project it to reach 42.7%, down from 50.0% in the same quarter last year [6] - The estimated 'Leading- and non-leading-edge equipment and upgrade Revenue - Logic/integrated device manufacturing' is 6.4%, compared to 15.0% a year ago [6] - Analysts project 'Leading- and non-leading-edge equipment and upgrade Revenue - Foundry' to reach 50.9%, up from 35.0% year-over-year [7] Stock Performance - Lam Research shares have increased by 24.5% in the past month, significantly outperforming the Zacks S&P 500 composite's increase of 0.6% [7] - With a Zacks Rank 1 (Strong Buy), LRCX is expected to outperform the overall market performance in the near term [7]