ASMPT (00522) surged over 5%, rising 6.60% to HK$75.95 with a turnover of HK$495 million as of press time.
On the news front, Shenzhen Original Advanced Compounds Co.,Ltd. recently announced that the China Securities Regulatory Commission has approved the company's major asset restructuring plan. Under this restructuring, Shenzhen Original Advanced Compounds Co.,Ltd. plans to acquire an 87.47% stake in Advanced Assembly Materials International Limited (AAMI) for a transaction value of RMB 3.069 billion, while divesting its traditional cable materials business and introducing ASMPT Holding, a wholly-owned subsidiary of global semiconductor packaging equipment leader ASMPT, as a significant shareholder.
This move is regarded as a pioneering demonstration of A-share listed companies introducing international semiconductor leaders as shareholders, which will strongly promote international cooperation in the semiconductor industry.
Everbright Securities International noted that under monetary easing expectations, Hong Kong stocks' valuation and earnings growth potential are favored by the market, particularly leading companies in technology, financial, and consumer sectors, which are expected to deliver more active performance driven by policy support and capital inflows.