On September 30, ASMPT fell 3.14% in regular trading, trading at HKD 157.6 per share, with turnover of approximately HKD 92.78 million. The decline erased the prior session's 3.1% technical rebound, underscoring persistent institutional selling pressure.
On the news front, two major global institutional investors have conducted intensive rounds of share reductions throughout September. The Capital Group Companies sold approximately 4.6 million shares across three tranches on September 7, September 16, and September 22, reducing its long position from 8.01% to 5.86%, with total proceeds exceeding HKD 750 million. Concurrently, BlackRock trimmed its stake through multiple off-exchange transactions, lowering its long position from 5.64% to 4.9%. The concentrated divestment by both institutions within a short window has weighed heavily on market sentiment, with the previous session's rebound failing to absorb the ongoing supply overhang.
It is worth noting that sell-side coverage remains constructive. Open Source Securities maintained a Buy rating, projecting parent net profit of HKD 1.739 billion for the current fiscal year, implying 92.8% year-over-year growth, while Guotai Haitong Securities assigned an Overweight rating with a HKD 233 target price, citing AI and advanced packaging tailwinds.
(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.)