Movement Alert|ASMPT Rises 3.44% in Regular Trading, Hang Seng Tech Index Inclusion and Institutional Buying Continue to Lift Shares

Market Focus
Aug 27

On August 27, ASMPT rose 3.44% in regular trading, reaching HK$168.6 per share, with turnover of HK$129 million.

On the news front, ASMPT has recently been officially included as a constituent of the Hang Seng Tech Index, with passive fund allocation demand continuing to flow in. Simultaneously, BlackRock has increased its long position in ASMPT to 5.15%, sending a clear institutional accumulation signal.

Additionally, the company's second-quarter results continue to buoy sentiment. During the period, adjusted net profit reached HK$638 million, exceeding market expectations by 76%. Revenue of HK$4.94 billion surpassed the upper end of guidance, while orders of HK$7.08 billion drove the book-to-bill ratio to 1.43x, a five-year high. Multiple major banks maintain buy ratings with target prices ranging from HK$191 to HK$310. Management guided for high single-digit sequential order growth in Q3, primarily driven by thermocompression bonding and optical communications businesses.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10