On May 27, ASMPT rose 3.42% in regular trading, trading at HKD 213.4/share, with trading volume of approximately HKD 344 million, extending its recent strong upward trend.
Multiple bullish catalysts continued to drive the stock higher. The company previously divested its U.S. subsidiary NEXX to Applied Materials for USD 120 million in cash, shedding a low-margin front-end deposition business to sharpen its focus on the high-growth back-end packaging segment. Its Q1 results significantly beat expectations, with adjusted profit reaching HKD 335 million (up 193.5% YoY) and revenue of HKD 3.97 billion (up 32.0% YoY). More critically, ASMPT's TCB equipment secured orders from SK Hynix for HBM4 mass production totaling approximately KRW 30 billion, with equipment unit prices nearly doubling compared to prior generations and the order book filled through Q2 of the following year. Huatai Securities maintained a Buy rating and raised its target price from HKD 146 to HKD 200, while Everbright Securities highlighted that shipments toward HBM4 and 16-layer/20-layer HBM will further reinforce TCB demand prospects.
(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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