On July 30, ASMPT fell 4.09% in regular trading, trading at 135.0 HKD/share with turnover of HKD 38.40 million, extending the pullback for a third consecutive trading day following the release of interim results.
The company reported H1 results on July 28 showing revenue of HKD 8.903 billion, up 42.5% year-over-year; shareholders attributable profit of HKD 589 million, up 174.1%; and new orders of HKD 12.75 billion, up 85.1%. Despite the strong figures, the stock had already rallied over 141% from its 52-week low prior to the earnings release, with market expectations largely priced in. Institutional investors including BlackRock reduced holdings from 6.13% to 5.48%, while Capital Group also trimmed positions. The concurrent CEO transition effective August 11 adds near-term uncertainty. Citibank reiterated a Buy rating with a HKD 250 target price, noting Q3 revenue guidance midpoint exceeds consensus by 11%, though short-term selling pressure persists as gains are locked in.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments