ASMPT (00522) saw its share price rise by 6.80% in afternoon trading, currently quoted at HKD 186.80, with a turnover of HKD 472 million.
SK Hynix and Samsung Electronics are actively expanding their HBM production capacity. ASMPT's TCB equipment has been among the first to be procured by several leading global HBM manufacturers for HBM4 mass production. SK Hynix placed a bulk order for over 30 TCB units from ASMPT for its 12-layer HBM3E production and, for its latest HBM4 production, placed additional orders for multiple TCB units priced at approximately KRW 4 billion each, totaling around KRW 30 billion.
Analysts believe the company's business is thriving across multiple areas, including storage, C2W, CoPoS, and silicon photonics, positioning it to benefit significantly from AI-driven demand for advanced packaging. The strong performance in SMT orders reflects the ongoing spread of AI demand from advanced packaging to mainstream backend processes, with demand from AI servers and optical modules becoming key growth drivers for the SMT business. The firm maintains its "Buy" rating on the stock, raising the target price from HKD 146 to HKD 200.