On September 8, ASMPT declined 3.22% in regular trading, trading at 162.2 HKD/share, with turnover of 267 million HKD.

On the news front, stronger-than-expected US non-farm payrolls data reignited expectations of further rate hikes, placing broad short-term pressure on Hong Kong equities. ASMPT, despite robust fundamentals, faced headwinds from the macro backdrop alongside lingering profit-taking pressure following a cumulative rally exceeding 20% in August.

The stock had previously pulled back after its mid-year report revealed a gap between continuing-operations adjusted net profit of 973 million HKD (up 230.5% YoY) and the consolidated figure of 806 million HKD due to the NEXX business divestiture in June. Additionally, major shareholder The Capital Group reduced its stake from 9.17% to 8.75% in late July, adding to cautious sentiment. Multiple investment banks maintain bullish ratings, with Bank of America assigning a buy rating and a 310 HKD target price, while JP Morgan maintains an overweight rating with a 225 HKD target, both significantly above current levels.

(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.)