Movement Alert|ASMPT Rises 3.03% in Regular Trading, New CEO Appointment Combined with Optimistic Interim Results Outlook

Market Focus09:43

On July 22, ASMPT rose 3.03% in regular trading, trading at HK$175.4/share, with turnover of HK$107 million.

On the news front, the company announced that Bassel Haddad will be appointed as Group CEO and Executive Director effective August 11, succeeding the retiring Robin Ng Cher Tat. Haddad brings 25 years of semiconductor industry experience, having previously held senior executive roles at SkyWater Technology and Intel, with the smooth leadership transition boosting governance confidence.

Meanwhile, ASMPT is scheduled to release interim results on July 28. Market consensus expects quarterly revenue of HK$4.508 billion, representing 31.11% year-over-year growth, with adjusted earnings per share of HK$0.85, up 140.80% year-over-year. Institutions broadly expect the company to benefit from AI-driven advanced packaging capital expenditure recovery and downstream electronics demand improvement. Multiple investment banks have recently raised their target prices, with JP Morgan at HK$225, Goldman Sachs at HK$206, and Citi at HK$250, all maintaining positive ratings.

(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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