HK Stock Market Move | ASMPT (00522) rose by more than 5% and broke through the top again. The company is expected to add Samsung as its second major customer, solidifying its leadership position in TCB.

ASM Pacific Technology (00522) rose more than 5% in the morning session, reaching a high of 139.7 Hong Kong dollars, setting a new historical high. As of the time of writing, it has risen by 4.74% to 139.1 Hong Kong dollars, with a turnover of 2.59 billion Hong Kong dollars. According to media reports, ASMPT recently showcased its HBM TCB technology to Samsung Electronics, with the project entering the mutual evaluation phase. Citigroup stated that ASMPT's stock price has broken through the historical resistance level of 120 Hong Kong dollars for the first time since 2021, and believes that the strong performance of the stock price is mainly driven by the above-mentioned reports. If the news is true, ASMPT is expected to add Samsung as its second major customer, further solidifying its leading position in the TCB market. Huatai has previously mentioned that there is a strong demand for advanced packaging: with the iteration of higher HBM layers and the evolution of more complex advanced packaging architectures, equipment such as TCB is expected to see a strong conversion of orders. Asset structure optimization will enhance profitability: by divesting non-core assets, the company may focus more on advanced packaging business, and the long-term profit margin is expected to further increase.