Movement Alert|ASMPT Falls 3.29% in Regular Trading, NEXX Subsidiary Disposal and Sector Weakness Weigh on Shares

Market Focus
Jun 10

On June 10, ASMPT fell 3.29% in regular trading, trading at 179.1 HKD/share, with trading volume of HKD 214 million.

On the news front, ASMPT completed the sale of its wholly owned subsidiary ASMPT NEXX, Inc. to Applied Materials, Inc. on June 3 for USD 120 million, with estimated net proceeds of approximately USD 116 million and a net gain of about HKD 11 million. Following the transaction, ASMPT NEXX is no longer consolidated into the group financial statements, narrowing the companys SEMI segment product line. The market has been repricing the companys future revenue scale since the disposal.

Additionally, the semiconductor equipment sector showed broad weakness, with SICC down 14.45%, GCL TECH down 5.41%, FLAT GLASS down 4.25%, XINYI SOLAR down 2.07%, and EPIWORLD down 1.1%. Industry-wide selling pressure combined with the fundamental changes post-disposal have continued to drag the stock, which has declined over 6% cumulatively since early June.

(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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