Movement Alert|ASMPT Rises 6.13% in Regular Trading, Q2 Orders Hit Record High with Multiple Banks Maintaining Buy Ratings

Market Focus
Yesterday

On September 9, ASMPT rose 6.13% in regular trading, trading at 171.8 HKD/share, with turnover of approximately 82.94 million HKD, extending its recent recovery trajectory.

On the news front, the company's previously disclosed Q2 results and Q3 guidance both significantly exceeded expectations. Q2 new orders reached USD 904 million, up 24.8% quarter-over-quarter and 97.6% year-over-year, with both the SEMI and SMT segments hitting all-time highs. The order-to-shipment ratio remained at a five-year high. H1 adjusted net profit from continuing operations came in at 973 million yuan, surging 230.5% year-over-year. The photonics business, driven by demand for 800G and above high-speed optical transceivers, nearly doubled its revenue in H1. Multiple major banks maintained bullish ratings: Bank of America issued a Buy with a target of 310 HKD, JPMorgan maintained Overweight with a target of 225 HKD, and CLSA set a target of 226.2 HKD — all well above the current share price, providing strong valuation support for the ongoing rebound.

(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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