ASMPT

ASMPT opened higher and rallied 15.6% to close at HKD156.2, driven by earnings beat and multiple target price upgrades from brokerages. Q2 revenue hit HKD4.936 billion, up 45.1% YoY, while net profit surged 155.4% to HKD335 million, both well above consensus. Citi, JPMorgan, and BofAS reiterated Buy ratings, with Huatai Securities raising target to HKD205 from HKD195 and BofA maintaining HKD310. However, shares remain below both the 20-day (HKD170.97) and 60-day (HKD183.14) moving averages, and are still 36.09% off the 52-week high of HKD244.4, despite a 92.36% YTD gain.

ASMPT opened higher in the morning session, trading at HKD 152.0 as of 09:31 BJ, up ~0.5% from the prior close, with an intraday range of HKD 151.9-152.0, indicating a stable upward trend. The move was driven by a rebound in chip stocks and bullish institutional sentiment: Citi reiterated its Buy rating on July 21 and raised its target price to HKD 250 from HKD 180, a ~39% increase; Goldman Sachs also raised its target to HKD 206 on July 19, citing benefits from AI advanced packaging. On the earnings front, Q1 2026 revenue grew 26.95% YoY to HKD 3.967 billion, net profit surged 203.47% YoY to HKD 253.8 million, operating profit rose 140.84% YoY, and EPS of HKD 0.6065 was up 203.24% YoY, reflecting substantial fundamental improvement. However, the stock at HKD 152.0 remains well below its 52-week high of HKD 244.4 (-37.68%), and below both the MA20 (HKD 182.11) and MA60 (HKD 184.415), indicating that while valuation recovery potential is significant, short-term technical resistance persists. YTD, the stock has gained 87.56%.

ASMPT opened lower and continued to decline in the morning session, trading at HKD 155.2 as of 09:35 BJ time, down 5.02%, pressured by a weakening chip sector and institutional stake reduction. The stock hit an intraday low of HKD 154.9, down approximately 3.5% from the open of HKD 160.5. Despite strong Q1 2026 results—net profit surging 203.47% YoY to HKD 253.8 million, revenue up 26.95% YoY, and operating income rising 140.84% YoY—the current price remains 36.5% below the 52-week high of HKD 244.4 and well below the 20-day moving average of HKD 185.0, reflecting persistent weakness. Recent developments include BlackRock increasing its stake to 5.35% on July 15, while Citi raised its target price to HKD 250 from HKD 180, and Goldman Sachs hiked to HKD 206, citing AI advanced packaging demand. However, JPMorgan's stake reduction and lingering concerns over chip cycle headwinds limited any rebound.

ASMPT surged 4.7% to HKD 168.8 in the morning session, driven by AI chip packaging demand and Goldman Sachs raising its target price to HKD 206. The company appointed semiconductor veteran Bassel Haddad as new CEO, signaling a strategic shift. Q1 net profit soared 203% YoY to HKD 253.8 million on revenue growth of 27%, but the stock remains 12% below its 20-day MA and 31% off its 52-week high of HKD 244.4, while YTD gains of 108% suggest earlier optimism is priced in. However, BlackRock's recent stake reduction to 5.48% and the price below MA20 indicate lingering short-term pressure.

ASMPT opened lower and continued to decline, closing the morning session at HK$170.5, down 3.94%, primarily dragged by the weak chip sector overnight, despite recent target price hikes from JPMorgan (to HK$225) and Goldman Sachs (to HK$206). The company's Q1 revenue of HK$3.97 billion grew 26.95% YoY, and net profit of HK$254 million surged 203.47% YoY, yet the stock remains 30% below its 52-week high of HK$244.4 and trades below both the 20-day MA (HK$196.7) and 60-day MA (HK$184.1), reflecting valuation pressure. Mixed signals persist: Samsung and SK Hynix expansion orders had previously driven record highs, but Blackrock's reduced stake to 5.48% fosters caution, while post-market dynamics remain to be seen.