On August 5, ASMPT rose 3.16% in regular trading, trading at HK$163.3/share with turnover of HK$48.57 million, extending its recent strong rebound.
The continued momentum follows the company's interim results released on July 28, which significantly exceeded expectations. Q2 adjusted net profit reached HK$638 million, 76% above market consensus; revenue of HK$4.94 billion beat company guidance midpoint by 10.5%; orders surged to HK$7.08 billion with a book-to-bill ratio of 1.43x, a five-year high. Q3 revenue guidance midpoint implies 46% year-over-year growth, well above consensus.
Multiple investment banks subsequently raised or reiterated bullish ratings: Bank of America maintained Buy with a HK$310 target; JP Morgan maintained Overweight at HK$225; Citi reiterated Buy at HK$250; CLSA maintained Outperform at HK$226.2; and Huatai raised its target to HK$205. The company's CEO also stated that AI-driven long-term equipment demand remains firmly intact, countering market concerns over an AI bubble.
(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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