Movement Alert|ASMPT Rises 3.35% in Regular Trading, NEXX Divestiture and HBM4 Order Momentum Continue to Drive Gains

Market Focus
May 21

On May 21, ASMPT rose 3.35% in regular trading, trading at HKD 184.8/share with trading volume of approximately HKD 198 million, extending its recent upward trend.

On the news front, the company previously sold the entire equity of its US subsidiary NEXX to Applied Materials for USD 120 million, divesting low-margin front-end deposition operations to focus on its core back-end packaging business. The company's Q1 adjusted profit reached HKD 335 million, surging 193.5% year-over-year, while revenue of HKD 3.97 billion grew 32.0% year-over-year, both exceeding market expectations. Additionally, ASMPT's TCB equipment has secured mass production orders from SK Hynix for HBM4 totaling approximately KRW 30 billion, with unit prices nearly doubling compared to prior levels and the order book extending into Q2 of next year. Global CSP capital expenditure projected at approximately USD 830 billion continues to elevate AI supply chain momentum, providing sustained catalysts for the stock following a technical pullback earlier in the week.

(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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