On May 20, ASMPT rose 3.61% in regular trading, trading at HKD 174.5/share, with trading volume of approximately HKD 99.35 million, rebounding swiftly after a decline of over 4% in the previous session.
On the news front, the rebound is supported by multiple ongoing catalysts. The company recently announced the divestiture of its NEXX subsidiary to Applied Materials for USD 120 million in cash, streamlining operations to focus on its core backend packaging business. Additionally, ASMPT's TCB equipment has secured orders of approximately KRW 30 billion from SK Hynix for HBM4 mass production, while global CSP capital expenditure is projected at approximately USD 830 billion, driving continued AI supply chain momentum. The company also reported Q1 adjusted profit of HKD 335 million, up 193.5% year-over-year, with revenue of HKD 3.97 billion, up 32.0%, both exceeding market expectations. The previous session's decline was widely characterized as a technical correction following consecutive gains, and today's recovery suggests underlying bullish momentum remains intact.
(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