HK Stock Market Move | ASMPT(00522) rose more than 4% in the afternoon, semiconductor equipment substitution accelerating, company order visibility improving driving valuation recovery.

ASMPT (00522) rose more than 4% in the afternoon, rising by 4.28% as of press time, reaching 93.9 Hong Kong dollars, with a turnover of 1.79 billion Hong Kong dollars. On the news front, recently, the global semiconductor industry has been heating up under the dual drivers of AI computing power and storage demand. Soochow predicts that China's semiconductor equipment will start a strong expansion cycle in 2026, with the industry's order growth expected to exceed 30%, and even potentially reach over 50%. This assessment provides a clear expectation for the industry's high prosperity. Caitong released a research report stating that ASMPT's new orders have continued to rise for six consecutive quarters, with AI servers and domestic demand driving SMT to accelerate recovery, and SEMI entering a new uptrend cycle with HBM expansion. The increase in advanced packaging, improvement in SMT structure, and cost optimization have brought about a turning point in gross profit margin and profitability, with full performance elasticity expected from 2025 to 2027. The bank is optimistic about the company's increased market share in China.