CCB International Lifts ASMPT Price Target to HK$191, Keeps 'Outperform' Rating

Stock News07-31

CCB International has released a research report noting that ASMPT delivered strong second-quarter results, with revenue of HK$4.94 billion exceeding the previous guidance upper limit and market expectations. The adjusted net profit from continuing operations of HK$638 million also significantly surpassed both market and the firm's forecasts.

As a result, the brokerage has raised its price target for ASMPT from HK$190 to HK$191, maintaining an "Outperform" rating. Supported by robust order momentum in the second half of the year, CCB International has revised up its adjusted net profit forecasts for 2026-2028 to HK$1.934 billion, HK$2.618 billion, and HK$3.024 billion respectively, reflecting a strong recovery in sales and profit margins.

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