Understanding the Market | ASM Pacific Technology (ASMPT) is now up nearly 5% as TSMC's CoWoS technology sees a breakthrough. The company's advanced packaging provides increased visibility for long-term growth

ASM Pacific Technology (ASMPT) is now up nearly 5%, as TSMC's CoWoS technology sees a breakthrough, increasing the company's visibility in advanced packaging for long-term growth. A research report by Macquarie indicates that ASMPT's visibility in advanced packaging for long-term growth is increasing, with the P/E ratio expected to rise significantly to 2.7 times, and the target price to increase by 88% to HKD 117.81. Open Source Securities points out that TCB equipment is expected to ramp up rapidly in 2025-2026, with a rebound in traditional packaging business, significant operating leverage driving profit improvement, and the potential to drive high growth in net profit in 2025-2026