On September 29, ASMPT rose 3.1% in regular trading, trading at HK$163.3/share, with turnover of HK$127 million. The rebound comes after the stock absorbed sustained selling pressure from major institutional holders throughout September.
Since early September, both BlackRock and The Capital Group Companies have conducted multiple rounds of share disposals. Capital Group sold approximately 4.6 million shares across three tranches on September 7, 16, and 22, reducing its stake from 8.01% to 5.86%, involving over HK$750 million in total proceeds. BlackRock also lowered its long position from 5.64% to 4.90% through several off-exchange transactions. This concentrated institutional selling had weighed heavily on market sentiment, with the stock declining 3.47% on September 28.
On the fundamental side, global semiconductor equipment shipments rose 23% year-over-year in Q2, and AI computing demand continues to drive advanced packaging equipment orders. ASMPT, as a core supplier of TCB and other advanced packaging tools, reported Q2 revenue of HK$4.936 billion, up 52.1% year-over-year, with adjusted net profit surging 177%. Multiple brokerages, including Kaiyuan Securities and Guotai Haitong, maintain bullish ratings, citing AI infrastructure capex tailwinds and the potential for a Davis Double Play as advanced packaging revenue scales.
(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.)