On September 14, ASMPT fell 4.57% in regular trading, trading at HK$156.8/share, with turnover of approximately HK$16.69 million, extending its recent pullback trend.
On the news front, Hong Kong Exchange disclosure filings revealed that The Capital Group Companies, Inc. sold 1.9491 million ASMPT shares on September 7 at an average price of approximately HK$165.36 per share, involving approximately HK$322 million. The stake was reduced from 8.01% to 7.54%. Notably, this marks Capital Group's second major disposal within six weeks, following a previous sale of 1.7558 million shares at approximately HK$133.25 per share on July 29. The two rounds of selling cumulatively amount to roughly 3.70 million shares totaling over HK$550 million, with sustained institutional profit-taking exerting clear downward pressure on the near-term share price.
Meanwhile, Guotai Haitong Securities recently maintained an Outperform rating on ASMPT with a target price of HK$233, citing AI and advanced packaging as key growth drivers. ASMPT's interim results showed revenue of HK$8.903 billion with adjusted net profit surging 230.5% year-over-year to HK$973 million, reflecting strong fundamental momentum despite the ongoing institutional selling overhang.
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