Movement Alert|ASMPT Falls 4.35% in Regular Trading, Continued Pressure Following Completion of NEXX Subsidiary Sale to Applied Materials

Market Focus06-05

On June 5, ASMPT fell 4.35% in regular trading, trading at 174.4 HKD/share, with trading volume of HKD 133 million. The stock has now declined from approximately 194 HKD in late May to current levels, marking a sustained downtrend.

On the news front, ASMPT announced on June 4 that the sale of its wholly owned subsidiary ASMPT NEXX to Applied Materials was completed on June 3, with a purchase price of USD 120 million. The company expects to record a net gain of only approximately HKD 11 million from the disposal, suggesting the asset was sold near book value. ASMPT NEXX will no longer be consolidated into the group's financial statements.

Additionally, recent insider activity showed multiple directors reducing holdings in early May, while the broader semiconductor equipment sector traded weaker, with peers including SICC down 1.53%, GCL Tech down 2.63%, Xinyi Solar down 2.3%, Flat Glass down 2.78%, and Epiworld down 2.41%. Analysts have previously flagged ongoing weakness in ASMPT's SMT business segment as a headwind.

(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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