On August 4, ASMPT rose 3.19% in regular trading, trading at 155.7 HKD/share with turnover of 44.78 million HKD, extending its strong rebound momentum.
The stock continues to rally following blockbuster Q2 results released on July 28. Revenue reached 4.94 billion HKD, exceeding guidance midpoint by 10.5%; adjusted net profit of 638 million HKD surpassed market expectations by 76%; adjusted gross margin hit 42.5%, 2.8 percentage points above consensus. Orders surged to 7.08 billion HKD with a book-to-bill ratio of 1.43x. Q3 revenue guidance midpoint implies 46% YoY growth, 11% above market consensus.
Multiple investment banks have since upgraded or reiterated positive ratings: Citi reiterated Buy with a 250 HKD target, Bank of America maintained Buy at 310 HKD, JPMorgan maintained Overweight at 225 HKD, CLSA maintained Outperform at 226.2 HKD, and CCB International raised its target to 191 HKD. Analysts cite AI-driven advanced packaging demand and strong order momentum as key catalysts.
(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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