ASMPT_存储业务依托 CoWoS 技术；看好 SMT 战略选项评估；中性评级

30 January 2026 | 5:45PM HKT Equity Research ASMPT (0522.HK): TCB riding on memory/ CoWoS; Positive on SMT strategic options assessment; Neutral We expect an uptrend for ASMPT's semiconductor segment driven by the growing AI demand that will drive both advanced packing and mainstream back-end tools. The group's recent exploration of strategic options for its SMT segment (Read more), including divestitures, JV, spin-off and listing etc., suggests its focus to reallocate resources and prioritize the semicondu ...