In light of strong reports from $KLIC and $ASX last week, it might be an idea to look at Amkor $AMKR before it reports earnings tonight on Monday

Both reported strong earnings, raised guidance and gapped up the next day

Over recent periods, the revenue trends of all three have tended to mirror each other closely

Last week Kulicke and Soffa $KLIC reported extremely strong earnings and guidance

FY estimates were raised 25% to $1.1B

The now stand at +78% YoY

The stock responded strongly

A day later, on Thursday, ASE Tcchnologies $ASX reported good earnings and guidance. Estimates were raised 7%

Stock responded well and finishes up 7-8% by the end of the day

Amkor's estimates for the coming FY are currently unchanged

Unlike the other two, theirs have not been raised in the lead up to earnings and are far more stale, so an good upgrade may be proportionally much greater for $AMKR - which may impress the algos

They stand at 5% and will be raised substantially following earnings

A good part of $KLIC's strength is due to packaging, some automotive and general semiconductor.

$KLIC & $AMKR isn't apples to apples; these things are much more fine grained - but for a rough idea, it's not totally outrageous to put them side by side

Again, there's a lot of detail, differentiation and end markets hidden within segment titles but it's close enough to call $AMKR a direct beneficiary of heightened volume in semi, with convenient overlap in exposure to the markets that have driven $KLIC

$AMKR is an OSAT company - Outsourced Semiconductor Assembly and Test. It's number 2 behind $ASX

OSATs are reporting capacity fully booked until the end of the year with customers committing to two year contracts

Further price hikes are coming; in short it's going to be a good year for all these guys.

However - I've noticed it, it's widely reported in the trade news and people can look past clearly wrong estimates and make up their own minds.

So the question is, is all this in the price already?

In the very immediate short-term the answer seems to be: to a degree, it is

But over a three month period..

..and a six month period, $AMKR still has a lot catching up to do.

Over a much longer period, it has tended to trade over $ASX and more in line with $KLIC. So, to my eyes there may yet be room.

I think it's reasonable to expect estimates to rise from +5% to at very least +15% as with $ASX and given similar exposures to $KLIC, perhaps more.

Whether it works as a pop at the open and / or over the following days and weeks, idk but it may be worth keeping an eye on