All Hong Kong stocks quotes are at least 15 minutes delayed.
00522
ASMPT
HKD
100.600-2.200
(-2.14%)
1D
AI Analysis for 00522
AI Analysis
High
108.100
Open
106.900
VWAP
106.35
Vol
1.09M
Mkt Cap
43.87B
Low
103.500
Amount
116.47M
EV/EBITDA(TTM)
72.67
Total Shares
417.78M
EV
43.07B
EV/OCF(TTM)
--
P/S(TTM)
3.23
ASMPT Limited is an investment holding company. The Company is a global supplier of hardware and software solutions for the manufacture of semiconductors and electronics. The Company operates its business through two segments: the Semiconductor Solutions Segment (SEMI) and SMT Solutions Segment (SMT). The SEMI segment offers a diverse range of advanced packaging and mainstream applications and integrated solutions for microelectronics, semiconductor, photonics, and optoelectronics industries. Its ALSI, AMICRA, NEXX and AEI product lines are part of the SEMI segment. The SMT segment combines in-depth process know-how, innovative technologies, industry-leading hardware and software as well as services to offer a portfolio of integrated solutions for people, equipment, processes and materials in intelligent electronics manufacturing. The SMT segment’s product portfolio includes high-precision DEK printing machines as well as the SIPLACE placement platform.
Show More
News
3.5
03-12aastocksM Stanley Research: CN Wafer Foundry Capacity and Chip Supply Expected to Fulfill Core Sovereign Requirements by 2028
China's Semiconductor Progress: Morgan Stanley reports that China has made significant advancements in addressing equipment and wafer foundry bottlenecks, with expectations that by 2028, its wafer foundry capacity will meet essential sovereign needs.
Optimism in AI Semiconductor Supply Chain: The report expresses optimism regarding China's AI semiconductor supply chain, highlighting companies like SMIC, NAURA, and ASMPT, which are expected to benefit from AI chip investments that enhance the strategic positioning of Chinese internet platforms.
4.0
03-05aastocksBofAS Increases Price Target for ASMPT (00522.HK) to HKD160, Maintains Buy Rating
Optimistic Earnings Guidance: ASMPT's management provided positive growth prospects during the 4Q25 earnings call, targeting a 35-40% market share in TCB equipment, supported by its strong position in the logic and HBM sectors.
Restructuring Focus: A restructuring plan was discussed to emphasize advanced packaging and TCB, although no specific timeline was provided for its implementation.
Brokerage Upgrades: Macquarie raised ASMPT's target price from HKD150 to HKD160, citing expected growth in AI-powered structural advancements and reaffirming a Buy rating.
Short Selling Activity: ASMPT experienced short selling of $27.70M with a ratio of 7.194%, indicating some market skepticism despite the positive outlook.
4.0
03-05aastocksCLSA Raises ASMPT's Target Price to HKD130.7, Maintains Outperform Rating
Financial Performance: ASMPT reported an adjusted net profit of HKD181 million for 4Q25, with revenue guidance for 1QFY26 exceeding expectations and order growth projected at 40% YoY and 20% QoQ.
Market Forecast: The company has increased its total addressable market forecast for thermal compression bonding to USD1.6 billion by 2028, aiming to maintain a market share of 35-40%.
Analyst Ratings: Citi has reiterated a Buy rating on ASMPT and raised its target price to HKD145, while CLSA has increased its target price from HKD95 to HKD130.7, maintaining an Outperform rating.
Growth Drivers: The growth of ASMPT's mainstream business is significantly influenced by the expansion of AI technologies.
4.0
03-05aastocksJPM Raises ASMPT (00522.HK) Price Target to $130, Maintains Overweight Rating
Company Performance: ASMPT (00522.HK) saw a stock increase of 6.296%, attributed to anticipated growth in advanced packaging equipment and recovery in semiconductor solutions, according to JPMorgan's report.
Operational Management: The company is focusing on stricter operational expense management to improve operational leverage in upcoming quarters.
Analyst Ratings: Macquarie has raised ASMPT's target price from $125 to $130, maintaining an Overweight rating due to expected AI-driven growth.
Market Activity: Short selling activity for ASMPT reached $27.70 million, with a short selling ratio of 7.194%.
4.0
03-05aastocksCiti Maintains Buy Rating on ASMPT, Increases Target Price to HKD145
4Q25 Results: ASMPT's 4Q25 results exceeded both guidance and market expectations, as reported by Citi.
1Q26 Guidance: The company anticipates better-than-expected revenue for 1Q26, driven by growth in hot bar soldering and high-end die bonding machines, with improved order visibility for 1H26.
Market Position: Citi believes ASMPT's technological leadership will enable it to capture growth in the hot bar soldering market and increase its market share.
Target Price Update: ASMPT's target price has been raised from HKD125 to HKD145, with a Buy rating reiterated by Citi.
Money Flow
Over the past 66 trading days, overall net money flow is -43.91M, with retail investors contributing 3.22M and major investors adding -62.26M.
Net Buy $ Volume
Net Sell $ Volume
CLSA
downgrade
$134
2026-04-01
New
Reason
The analyst ratings for the stocks listed are primarily based on their performance and market conditions, with many stocks receiving an 'Overweight' rating due to stable growth and positive market sentiment, while some stocks like PetroChina and Yangtze Power are rated 'Overweight' despite slight declines, indicating resilience in their overall outlook.
CLSA
Price Target
$134
2026-04-01
downgrade
New
The analyst ratings for the stocks listed are primarily based on their performance and market conditions, with many stocks receiving an 'Overweight' rating due to stable growth and positive market sentiment, while some stocks like PetroChina and Yangtze Power are rated 'Overweight' despite slight declines, indicating resilience in their overall outlook.
BofA Securities
BofA Securities
upgrade
$150 -> $160
2026-03-05
Reason
The analyst rating for ASMPT (00522.HK) is a "Buy" due to several key factors highlighted in the article. Firstly, management provided optimistic guidance during the 4Q25 earnings conference call, indicating strong growth prospects for TCB (Thermal Compression Bonding) equipment and a target to capture a 35-40% market share in the logic and HBM (High Bandwidth Memory) sectors. Additionally, the broker noted a restructuring plan focused on advanced packaging, particularly TCB, which suggests a strategic shift that could enhance the company's market position. Furthermore, the broker raised the target price from HKD 150 to HKD 160 following an upward revision of EPS estimates for 2026-27, reinforcing their positive outlook on the company's future performance.
BofA Securities
Price Target
$150 -> $160
2026-03-05
upgrade
The analyst rating for ASMPT (00522.HK) is a "Buy" due to several key factors highlighted in the article. Firstly, management provided optimistic guidance during the 4Q25 earnings conference call, indicating strong growth prospects for TCB (Thermal Compression Bonding) equipment and a target to capture a 35-40% market share in the logic and HBM (High Bandwidth Memory) sectors. Additionally, the broker noted a restructuring plan focused on advanced packaging, particularly TCB, which suggests a strategic shift that could enhance the company's market position. Furthermore, the broker raised the target price from HKD 150 to HKD 160 following an upward revision of EPS estimates for 2026-27, reinforcing their positive outlook on the company's future performance.
CLSA
CLSA
Outperform
upgrade
$95
2026-03-05
Reason
The analyst rating for ASMPT (00522.HK) is influenced by several positive factors highlighted in the CLSA research report. The key reasons for the Outperform rating and the increase in target price from HKD95 to HKD130.7 include:
1. Strong Financial Performance: The company's 4Q25 adjusted net profit of HKD181 million and revenue guidance for 1QFY26 that exceeded expectations indicate robust financial health.
2. Positive Order Growth Guidance: The guidance for order growth of 40% year-over-year and 20% quarter-over-quarter suggests strong demand and a positive outlook for the company's operations.
3. Market Expansion: ASMPT has raised its total addressable market forecast for thermal compression bonding to USD1.6 billion by 2028, indicating significant growth potential in this segment.
4. Maintained Market Share Target: The company aims to maintain a market share target of 35-40%, which reflects confidence in its competitive position.
5. AI-Driven Growth: The expansion of its mainstream business is being driven by developments in artificial intelligence, which is a key growth area.
These factors collectively contribute to the positive analyst sentiment and the decision to maintain an Outperform rating.
CLSA
Outperform
Price Target
$95
2026-03-05
upgrade
The analyst rating for ASMPT (00522.HK) is influenced by several positive factors highlighted in the CLSA research report. The key reasons for the Outperform rating and the increase in target price from HKD95 to HKD130.7 include:
1. Strong Financial Performance: The company's 4Q25 adjusted net profit of HKD181 million and revenue guidance for 1QFY26 that exceeded expectations indicate robust financial health.
2. Positive Order Growth Guidance: The guidance for order growth of 40% year-over-year and 20% quarter-over-quarter suggests strong demand and a positive outlook for the company's operations.
3. Market Expansion: ASMPT has raised its total addressable market forecast for thermal compression bonding to USD1.6 billion by 2028, indicating significant growth potential in this segment.
4. Maintained Market Share Target: The company aims to maintain a market share target of 35-40%, which reflects confidence in its competitive position.
5. AI-Driven Growth: The expansion of its mainstream business is being driven by developments in artificial intelligence, which is a key growth area.
These factors collectively contribute to the positive analyst sentiment and the decision to maintain an Outperform rating.
Citi
Buy
maintain
$125 -> $130
2026-03-05
Reason
The analyst rating for ASMPT (00522.HK) was influenced by several key factors highlighted in the article. JPMorgan noted that the company is well-positioned to benefit from the strong growth in advanced packaging equipment investment and the recovery in mainstream semiconductor solutions. Additionally, ASMPT's implementation of stricter operational expense management is expected to enhance operational leverage in the upcoming quarters. As a result of these positive developments, the broker maintained an Overweight rating on ASMPT and raised its target price from $125 to $130.
Citi
Buy
Price Target
$125 -> $130
2026-03-05
maintain
The analyst rating for ASMPT (00522.HK) was influenced by several key factors highlighted in the article. JPMorgan noted that the company is well-positioned to benefit from the strong growth in advanced packaging equipment investment and the recovery in mainstream semiconductor solutions. Additionally, ASMPT's implementation of stricter operational expense management is expected to enhance operational leverage in the upcoming quarters. As a result of these positive developments, the broker maintained an Overweight rating on ASMPT and raised its target price from $125 to $130.
BOCI
Buy
maintain
$98 -> $133
2026-03-05
Reason
The analyst rating for ASMPT was maintained at "Buy" by BOCI due to the company's robust 4Q25 results that exceeded expectations, driven by strong demand in the AIDC sector and a one-time gain from the sale of its subsidiary AAMI. Additionally, the management's strong guidance for 1Q26, indicating sustained demand in AI-HBM and CoWoS-TCB through 2028, further supported the positive outlook. Consequently, BOCI raised its target price from $98 to $133.
BOCI
Buy
Price Target
$98 -> $133
2026-03-05
maintain
The analyst rating for ASMPT was maintained at "Buy" by BOCI due to the company's robust 4Q25 results that exceeded expectations, driven by strong demand in the AIDC sector and a one-time gain from the sale of its subsidiary AAMI. Additionally, the management's strong guidance for 1Q26, indicating sustained demand in AI-HBM and CoWoS-TCB through 2028, further supported the positive outlook. Consequently, BOCI raised its target price from $98 to $133.
Citi
Neutral -> Buy
maintain
$125 -> $145
2026-03-05
Reason
The analyst rating for ASMPT (00522.HK) is based on several positive factors highlighted in the article. The key reasons include:
1. Strong 4Q25 Results: ASMPT's fourth-quarter results exceeded both guidance and market expectations, indicating strong performance.
2. Positive 1Q26 Guidance: The company expects revenue for the first quarter of 2026 to be better than anticipated, driven by growth in hot bar soldering and high-end die bonding machines.
3. Improving Order Visibility: There is an improvement in order visibility for the first half of 2026, supported by stronger order growth momentum.
4. Technological Leadership: Citi believes that ASMPT's technological leadership positions it well to capture growth in the hot bar soldering market and gain market share.
As a result of these factors, Citi has raised ASMPT's target price from HKD 125 to HKD 145 and reiterated a "Buy" rating.
Citi
Neutral -> Buy
Price Target
$125 -> $145
2026-03-05
maintain
The analyst rating for ASMPT (00522.HK) is based on several positive factors highlighted in the article. The key reasons include:
1. Strong 4Q25 Results: ASMPT's fourth-quarter results exceeded both guidance and market expectations, indicating strong performance.
2. Positive 1Q26 Guidance: The company expects revenue for the first quarter of 2026 to be better than anticipated, driven by growth in hot bar soldering and high-end die bonding machines.
3. Improving Order Visibility: There is an improvement in order visibility for the first half of 2026, supported by stronger order growth momentum.
4. Technological Leadership: Citi believes that ASMPT's technological leadership positions it well to capture growth in the hot bar soldering market and gain market share.
As a result of these factors, Citi has raised ASMPT's target price from HKD 125 to HKD 145 and reiterated a "Buy" rating.
Macquarie
Macquarie
upgrade
$133 -> $140
2026-03-04
Reason
The analyst rating for ASMPT (00522.HK) was elevated to "Outperform" by Macquarie due to several key factors:
1. Increased Total Addressable Market (TAM) Forecast: ASMPT's management raised its TCB TAM forecast to US$1.6 billion by 2028, indicating a compound annual growth rate (CAGR) of 30% from US$759 million in 2025. This is a significant increase from the previous forecast of US$1 billion by 2027, reflecting strong growth potential.
2. Investment in AI and High Bandwidth Memory: The updated TAM is attributed to the rapid acceleration of investments in AI logic and high bandwidth memory (HBM), suggesting a robust demand for ASMPT's products in these growing sectors.
3. Earnings Forecast Adjustments: Macquarie raised its earnings forecasts for 2026, 2027, and 2028 by 6%, 6%, and 3%, respectively, due to strong revenue growth in the semiconductor (SEMI) business driven by AI and advanced packaging technologies. This growth is expected to partially offset the downturn in the surface mount technology (SMT) business.
4. Target Price Increase: The broker also lifted its target price for ASMPT by 5% to $140, reflecting confidence in the company's growth trajectory.
These factors combined led to the positive rating and outlook for ASMPT.
Macquarie
Price Target
$133 -> $140
2026-03-04
upgrade
The analyst rating for ASMPT (00522.HK) was elevated to "Outperform" by Macquarie due to several key factors:
1. Increased Total Addressable Market (TAM) Forecast: ASMPT's management raised its TCB TAM forecast to US$1.6 billion by 2028, indicating a compound annual growth rate (CAGR) of 30% from US$759 million in 2025. This is a significant increase from the previous forecast of US$1 billion by 2027, reflecting strong growth potential.
2. Investment in AI and High Bandwidth Memory: The updated TAM is attributed to the rapid acceleration of investments in AI logic and high bandwidth memory (HBM), suggesting a robust demand for ASMPT's products in these growing sectors.
3. Earnings Forecast Adjustments: Macquarie raised its earnings forecasts for 2026, 2027, and 2028 by 6%, 6%, and 3%, respectively, due to strong revenue growth in the semiconductor (SEMI) business driven by AI and advanced packaging technologies. This growth is expected to partially offset the downturn in the surface mount technology (SMT) business.
4. Target Price Increase: The broker also lifted its target price for ASMPT by 5% to $140, reflecting confidence in the company's growth trajectory.
These factors combined led to the positive rating and outlook for ASMPT.
Goldman Sachs
Goldman Sachs
Neutral
maintain
$90.7
2026-03-04
Reason
The analyst rating from Goldman Sachs for ASMPT (00522.HK) is Neutral, with a target price of $90.7. This rating is based on the company's 4Q25 revenue growth of 18% QoQ, which exceeded management guidance and market expectations. However, the gross margin of 36.5% was below Goldman Sachs' forecast of 38.8%, although it was above the market consensus of 35.7%. The net profit of $957 million significantly surpassed Goldman Sachs' prediction of $360 million and the market consensus of $172 million, primarily due to gains from the sale of its subsidiary, AAMI. The mixed results, particularly the lower gross margin, contributed to the Neutral rating despite the strong net profit.
Goldman Sachs
Neutral
Price Target
$90.7
2026-03-04
maintain
The analyst rating from Goldman Sachs for ASMPT (00522.HK) is Neutral, with a target price of $90.7. This rating is based on the company's 4Q25 revenue growth of 18% QoQ, which exceeded management guidance and market expectations. However, the gross margin of 36.5% was below Goldman Sachs' forecast of 38.8%, although it was above the market consensus of 35.7%. The net profit of $957 million significantly surpassed Goldman Sachs' prediction of $360 million and the market consensus of $172 million, primarily due to gains from the sale of its subsidiary, AAMI. The mixed results, particularly the lower gross margin, contributed to the Neutral rating despite the strong net profit.
Citi Research
NULL
to
Buy
maintain
$125
2026-03-04
Reason
The analyst rating for ASMPT (00522.HK) was reiterated at "Buy" by Citi Research due to the company's 4Q25 results exceeding guidance, with a 31% year-over-year revenue increase to $4.254 billion. The growth in both SEMI and SMT businesses, despite a slight decline in gross margin, led the broker to believe that traditional businesses have bottomed out and are on a recovery track. The target price set by the broker is $125.
Citi Research
NULL
to
Buy
Price Target
$125
2026-03-04
maintain
The analyst rating for ASMPT (00522.HK) was reiterated at "Buy" by Citi Research due to the company's 4Q25 results exceeding guidance, with a 31% year-over-year revenue increase to $4.254 billion. The growth in both SEMI and SMT businesses, despite a slight decline in gross margin, led the broker to believe that traditional businesses have bottomed out and are on a recovery track. The target price set by the broker is $125.
BofA Securities
BofA Securities
Neutral -> Buy
upgrade
$95 -> $150
2026-02-23
Reason
The analyst rating upgrade from BofA Securities for ASMPT (00522.HK) is based on several key factors:
1. Expected Recovery: The report predicts a noticeable recovery for ASMPT starting in the second half of 2026 and continuing for the following two years.
2. Adoption of Technology: The broker believes that ASMPT's TCB (Tape Carrier Bonding) equipment technology will see wider adoption among memory and logic chip manufacturers, which is expected to drive growth.
3. Strong EPS Growth: BofA Securities anticipates that the company's earnings per share (EPS) will experience strong growth over the next three years, with a compound annual growth rate (CAGR) exceeding 30%.
4. Sustainable Revenue Levels: The forecast includes expectations for revenue to reach mid-to-peak cycle levels, along with a gross margin exceeding 40%, indicating that the revenue growth is considered sustainable.
These factors led BofA Securities to raise the target price from HKD 95 to HKD 150 and upgrade the stock rating from Neutral to Buy.
BofA Securities
Neutral -> Buy
Price Target
$95 -> $150
2026-02-23
upgrade
The analyst rating upgrade from BofA Securities for ASMPT (00522.HK) is based on several key factors:
1. Expected Recovery: The report predicts a noticeable recovery for ASMPT starting in the second half of 2026 and continuing for the following two years.
2. Adoption of Technology: The broker believes that ASMPT's TCB (Tape Carrier Bonding) equipment technology will see wider adoption among memory and logic chip manufacturers, which is expected to drive growth.
3. Strong EPS Growth: BofA Securities anticipates that the company's earnings per share (EPS) will experience strong growth over the next three years, with a compound annual growth rate (CAGR) exceeding 30%.
4. Sustainable Revenue Levels: The forecast includes expectations for revenue to reach mid-to-peak cycle levels, along with a gross margin exceeding 40%, indicating that the revenue growth is considered sustainable.
These factors led BofA Securities to raise the target price from HKD 95 to HKD 150 and upgrade the stock rating from Neutral to Buy.
Valuation Metrics
Forward PE
5Y Average PE
24.53
Current PE
22.82
Overvalued PE
37.06
Undervalued PE
12.00
Forward EV/EBITDA
5Y Average EV/EBITDA
11.99
Current EV/EBITDA
13.27
Overvalued EV/EBITDA
16.13
Undervalued EV/EBITDA
7.85
Forward PS
5Y Average PS
1.95
Current PS
2.19
Overvalued PS
2.39
Undervalued PS
1.51
Financials
AI Analysis
Annual
Quarterly
Trading Trends
Daily
Monthly
No data
Short Selling
People Also Watch