On September 18, ASMPT rose 3.69% in regular trading, trading at 166.9 HKD/share, with turnover of approximately 91.33 million HKD. Multiple bullish catalysts converged to drive the stock higher.

On the news front, Morgan Stanley's latest research report projected that China's advanced packaging market will reach approximately RMB 100 billion by 2029, explicitly noting that equipment suppliers stand to benefit more than OSAT firms in this expansion cycle, and named ASMPT as a top pick. Concurrently, JPMorgan included ASMPT in its Asia AI hardware ecosystem preferred list. Broker research further highlighted that CoWoS supply-demand tightness is expected to persist, with TSMC's equipment procurement multiple rising from 1.5x at the start of the year to 1.9x, signaling continued upward revisions to advanced packaging capital expenditure.

The move extends a recent rebound supported by strong fundamentals. ASMPT reported Q2 continuing operations revenue of HKD 4.936 billion, up 52.1% year-over-year, with attributable net profit surging 177%. SMT new orders hit a record high at HKD 3.73 billion, driven by AI server and optical module demand. Multiple brokerages maintain bullish ratings, with target prices as high as 233 HKD.

(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.)