QM · rank #4 · 2026-10-20
ASX
NYSE · $102.09B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +263.26% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +17.0% |
| Profit margin Net profit margin, trailing 12 months. | +8.6% |
| Market cap (USD) Size filter: > $500M required. | $102.09B |
| Anchor (recent) Close on 2026-09-18 | $41.63 |
| Anchor (far) Close on 2025-09-19 | $11.46 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
ASE Industrial Holding (ASX) is the world's largest outsourced semiconductor assembly and test (OSAT) provider, increasingly pivoting toward advanced packaging, heterogeneous integration, and AI/HPC-focused LEAP services.
Rationale
The momentum signal (2.63) is directly anchored in fundamental reality — 45.5% YoY revenue growth, net income up 180% YoY, LEAP revenue tracking above target, and a $2B capex raise signal an accelerating earnings cycle that justifies price momentum rather than mere sentiment rotation.
Material risks
- 1TSMC, Intel, and Samsung are actively internalizing advanced packaging, which directly threatens ASE's LEAP addressable market and could erode the capacity-scarcity premium underpinning both the revenue trajectory and the current multiple.
- 2The $10.5B 2026 capex commitment front-loads depreciation and execution risk into a cycle where Amkor and JCET are simultaneously adding competing capacity, creating utilization and pricing pressure precisely when fixed-cost absorption is most critical.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.