On July 29, ASMPT fell 3.01% in regular trading, trading at HK$134.2/share, with turnover of HK$324 million. The decline came as investors locked in gains following the release of robust interim results.

The company reported H1 revenue of HK$89.03 billion, up 42.5% year-over-year, with shareholder attributable profit of HK$5.89 billion, surging 174.1%. New orders totaled HK$127.5 billion, representing 85.1% annual growth, driven by AI-related advanced packaging demand. A mid-term dividend of HK$0.97 per share was declared, payable August 31. The company also guided Q3 orders to grow high-single-digit percentage sequentially.

Despite the strong results, the stock had already rallied over 141% from its 52-week low, with multiple banks raising targets to HK$206-250. BlackRock recently trimmed its stake from 6.13% to 5.48%, while Capital Group also reduced holdings. Additionally, the upcoming CEO transition—with Bassel Haddad succeeding Robin Ng effective August 11—adds near-term uncertainty during the management handover period.

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