Movement Alert|ASMPT Rises 3.1% in Regular Trading, Institutional Selling Pressure Absorbed and Advanced Packaging Demand Outlook Repairs

Market Focus
Oct 12

On October 12, ASMPT rose 3.1% in regular trading, trading at 165.9港元/share, with Turnover of 9022.76万港元.

The stock rebounded as the market digested recent equity disclosure reports showing consecutive reductions by BlackRock and The Capital Group Companies, Inc., shifting focus back to the company's fundamentals in advanced packaging. The company's advanced packaging sales hit a record high of $339 million in the first half, up 17% year-over-year, driven by TCB, high-precision surface mount technology, and photonics solutions. Institutions project the TCB total addressable market will expand to over $1.6 billion by 2028.

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