On May 26, ASMPT surged 17.33% in regular trading, trading at HKD 212.8/share, with trading volume of approximately HKD 516 million.
On the news front, multiple bullish catalysts continued to drive the stock sharply higher. The company previously divested its U.S. subsidiary NEXX to Applied Materials for USD 120 million, shedding low-margin front-end deposition operations to focus on its high-growth backend packaging business. Its Q1 adjusted profit reached HKD 335 million, up 193.5% year-over-year, with revenue of HKD 3.97 billion, up 32.0%, both exceeding market expectations.
More critically, ASMPT's TCB equipment has secured SK Hynix orders for HBM4 mass production totaling approximately KRW 30 billion, with equipment unit prices nearly doubling versus prior generations and the order book extending into Q2 of the following year. Multiple brokerages raised their target prices, with one upgrading from HKD 146 to HKD 200 while maintaining a Buy rating, further catalyzing institutional fund inflows.
(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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