On June 26, ASMPT fell 3.03% in regular trading, trading at 195.2 HKD/share, with turnover of HKD 65.27 million.
On the news front, ASMPT had previously surged over 12% on June 15 and climbed further to 207.2 HKD on June 17, driven by global memory makers accelerating capacity expansion and TCB equipment order wins. Despite a brief rebound on June 24 following reports of TSMC raising advanced process prices across the board, profit-taking pressure has not been fully released.
Additionally, the company completed the sale of subsidiary ASMPT NEXX to Applied Materials for USD 120 million on June 3. The divestiture narrows the SEMI division product portfolio, with the company expected to record a net gain of approximately HKD 11 million. However, the reduced product line scope continues to weigh on valuation, intensifying near-term bull-bear dynamics as the stock retreats from recent highs.
(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