Movement Alert|ASMPT Falls 3.19% in Regular Trading, Consolidated Net Profit Shrinks After NEXX Divestiture as Profit-Taking Continues

Market Focus
Sep 02

On September 2, ASMPT fell 3.19% in regular trading, trading at 155.8 HKD/share with turnover of HKD 19.81 million, extending the prior session's decline.

On the news front, the company's interim results revealed a divergence between two reporting bases that has unsettled the market. Adjusted net profit from continuing operations reached HKD 973 million, surging 230.5% year-over-year, but consolidated adjusted net profit — which accounts for the June divestiture of the NEXX business — came in at only HKD 806 million. The significant gap between the two figures has drawn market scrutiny over the financial impact of the asset disposal. Meanwhile, major shareholder The Capital Group sold 1.7558 million shares on July 29 at approximately HKD 133.25 per share, totaling roughly HKD 234 million, reducing its stake from 9.17% to 8.75%, adding to cautious sentiment.

The stock had previously rallied over 20% in August, driven by Q2 results and strong Q3 guidance that far exceeded expectations, with order-to-book ratio hitting a five-year high. Following such a sharp run-up, profit-taking pressure has become increasingly apparent.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10