QM · rank #6 · 2026-10-22
ASX
NYSE · $89.65B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +285.99% |
|---|---|
| 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. | $89.65B |
| Anchor (recent) Close on 2026-09-22 | $45.20 |
| Anchor (far) Close on 2025-09-22 | $11.71 |
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 (ASX) is the world's largest outsourced semiconductor assembly and test (OSAT) provider, currently capturing outsized AI/HPC demand through its LEAP advanced-packaging platform and expanding PowerSiP offerings.
Rationale
The momentum signal (2.86) is directly anchored in fundamental reality — 45.5% YoY September revenue growth, 180% YoY net income growth, and LEAP revenue tracking above target collectively justify price appreciation and support quality metrics (ROE 17%, margin expansion) as durable rather than sentiment-only.
Material risks
- 1TSMC, Intel, and Samsung expanding in-house advanced packaging is a partial in-sourcing threat that could erode ASE's addressable outsourced volume — the most direct structural disqualifier for an OSAT bottleneck thesis — though current capacity scarcity limits near-term impact.
- 2Earnings are reported 7 days after the as-of date (2026-10-29), creating binary event risk: the US$10.5B capex ramp raises depreciation and execution risk, and any guidance miss or margin compression from the buildout could sharply reverse momentum.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.