HK Stock Market Move | ASM Pacific Technology Ltd (00522) rises by over 12%, global storage manufacturers accelerate production expansion, demand for TCB equipment procurement is climbing.

ASMPT (00522) rose by more than 12%, up to 10.66% at the time of publication, reaching 202.4 Hong Kong dollars with a trading volume of 6.1 billion Hong Kong dollars. According to disclosures from Micron's management, the global memory chip shortage may continue until 2030, with global high-end storage manufacturers accelerating the pace of capacity release and expected to front-load large quantities of production equipment and material procurement needs. When fully operational, Open Source Securities estimates that the global HBM production will require an additional 532/648/748 TCB devices from 2026-2028. The bank points out that global storage giants are accelerating production expansion, leading to increased demand for TCB equipment. An Industrials research report stated that although the current valuation of ASMPT already reflects the upward cycle in advanced packaging, the company's orders are expected to continue growing, with profitability continuing to improve. The report recommends monitoring the company's Q2 order and equipment delivery pace, HBM expansion and AI packaging capital expenditure news, as well as the rebound in risk appetite for the semiconductor equipment sector.