Hong Kong Stock Movers: ASMPT Falls More Than 6 Percent Again as Morgan Stanley Says Industry Headwinds May Limit Near-Term Upside

Stock News11:40

ASMPT (00522) has fallen more than 6% again. As of press time, the stock is down 6.22% at HK$101, with a turnover of HK$123 million.

Morgan Stanley released a research report stating that it remains optimistic about ASMPT's long-term growth prospects, believing that emerging opportunities such as EMIT-T, CoPoS and photonics will provide growth momentum, but industry headwinds may limit near-term upside.

The bank also noted that semiconductor industry growth is expected to slow from 132% in 2026 to 35% in 2027. Equipment stocks, as leading indicators, will also come under pressure first when the industry cycle slows.

It is worth noting that, according to reports, IDG Capital has become the leading bidder for ASMPT's SMT business. Citi said the report indicated that a deal could be reached in the coming weeks, with the SMT business valued at more than US$1 billion, potentially below ASMPT's target of US$1.5 billion.

The bank views this news as neutral to slightly positive for ASMPT's share price.

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