On June 16, ASMPT fell 3.11% in regular trading, trading at 196.7 HKD/share, with turnover of HKD 167 million. The decline came as profit-taking pressure surfaced following a sharp rally of over 12% in the previous trading session.

The prior session surge was driven by reports that global memory manufacturers are accelerating capacity expansion, with TCB (Thermo-Compression Bonding) equipment procurement demand rising significantly. Industry research estimates that under full production conditions, global HBM production will require 532/648/748 new TCB units from 2026 to 2028. ASMPT, as a core beneficiary, saw its stock price briefly touch 202.4 HKD during the rally.

However, the rapid short-term price appreciation triggered selling pressure. Additionally, the company recently completed the divestiture of its subsidiary ASMPT NEXX to Applied Materials for USD 120 million, resulting in a narrower SEMI segment product portfolio. This ongoing valuation overhang, combined with technical profit-taking after the outsized gain, intensified short-term bull-bear dynamics and weighed on the stock price.

(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.)