ASMPT Shares Surge Over 4% in Late Trading on Strong Q1 Revenue Forecast

Stock News
Feb 26

ASMPT (00522) saw its shares climb more than 4% in late trading. At the time of writing, the stock was up 4.25% to HK$115.2, with a turnover of HK$368 million. A recent research report from Morgan Stanley projected that ASMPT's first-quarter revenue this year would exceed typical seasonal levels, reaching HK$4 billion. The semiconductor solutions segment is expected to grow 8% quarter-over-quarter. Additionally, the company is well-positioned for long-term growth, particularly in emerging areas such as CoWoS-L and high-bandwidth memory (HBM). Advancements in these technologies are anticipated to be key drivers of future revenue growth. According to the report, ASMPT's full-year revenue growth is forecast to accelerate from 7% last year to 22% this year, largely due to increased capital expenditure in the OSAT (outsourced semiconductor assembly and test) sector. This indicates the company's strengthening competitiveness within the industry and suggests it is likely to maintain robust growth momentum in the coming years. ASMPT's revenue growth trajectory is expected to continue through 2027.

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