ASE Technology Holding Co Ltd

ASX’s recent momentum breakout above the multi-week consolidation zone sets a clear medium-term bullish posture, and the current pullback into the rising EMAs offers a favorable entry aligned with the Momentum + EPS strategy; initiating a position now near the 20EMA/SMA50 region supports continuation participation while maintaining discipline.

• ↑Q2 revenue climbed 24% YoY to NT$191.1 bn, with ATM sales up 35% YoY
• ↑Gross margin improved to 21.0%, up 4 pp YoY on stronger operational leverage
• ↓Low earnings yield and negative book-to-price ratio raise valuation concerns