On July 17, ASMPT declined 4.23% in regular trading, trading at 164.5 HKD/share with turnover of 83.54 million HKD, extending the prior session's nearly 6% drop.
On the news front, despite JP Morgan raising its target price to 225 HKD and maintaining an overweight rating on July 16, Goldman Sachs maintained a neutral rating while lifting its target to 206 HKD, explicitly noting that positive factors have largely been reflected in the share price. Major institutional holders have continued to reduce positions — The Capital Group sold 811,100 shares on July 9 at an average price of 191.36 HKD, reducing its stake from 10.01% to 9.82%, while BlackRock's holding dropped from 6.13% to 5.48%. The company's board is scheduled to review interim results on July 28, with uncertainty ahead of the earnings window intensifying wait-and-see sentiment and adding to near-term selling pressure.
(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.)
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