--- title: "Hong Kong stock movement: ASMPT rises 11.62%, performance exceeds expectations, and Morgan Stanley and Bank of America upgrade ratings" type: "News" locale: "en" url: "https://longbridge.com/en/news/294448899.md" description: "ASMPT rose 11.62%; Chipbond surged 28.38%, with a transaction volume of HKD 204 million; Tianyue Advanced increased by 8.90%, with a transaction volume of HKD 135 million; Xinyi Solar rose 0.45%, with a transaction volume of HKD 55.8 million; Hantian Cheng increased by 4.27%, with a market capitalization of HKD 43.2 billion" datetime: "2026-07-31T03:28:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294448899.md) - [en](https://longbridge.com/en/news/294448899.md) - [zh-HK](https://longbridge.com/zh-HK/news/294448899.md) generator: "portal-rs" --- # Hong Kong stock movement: ASMPT rises 11.62%, performance exceeds expectations, and Morgan Stanley and Bank of America upgrade ratings **Hong Kong Stock Movement** ASMPT rose by 11.62%. Based on recent key news: 1. On July 29, ASMPT announced its second-quarter results, with sales revenue increasing by 52.1% year-on-year, total new orders rising by 97.6% year-on-year, and gross margin improving to 42.4%. The company expects third-quarter sales revenue to be between USD 630 million and USD 690 million, exceeding market expectations. This news drove the stock price up. 2. On July 30, JP Morgan released a report stating that ASMPT's second-quarter performance and third-quarter guidance both far exceeded market expectations, benefiting from strong operational leverage, a recovery in mainstream semiconductor business, and sustained strong momentum in thermal compression bonding and photonic technology. JP Morgan raised its earnings per share forecast for ASMPT for 2026/2027/2028 and maintained an "Overweight" rating with a target price of HKD 225. 3. On July 30, Bank of America Securities released a report stating that ASMPT's second-quarter performance surpassed market expectations, with sales up 52% year-on-year, gross margin at 42%, operating profit margin at 16%, and earnings per share more than doubling year-on-year. Bank of America Securities maintained a "Buy" rating with a target price of HKD 310. AI-driven demand is strong, and the semiconductor business is recovering. **Stocks with High Trading Volume in the Industry** ChipMOS Technologies surged by 28.38%. Based on recent key news: 1. On July 24, Norges Bank reduced its holdings in ChipMOS Technologies by 113,100 shares at a price of HKD 303.9147, totaling approximately HKD 34.3728 million. This move caused short-term fluctuations in market confidence for the stock, although the holding ratio remained at 8.61% after the reduction. Source: Zhitong Finance 2. On July 28, ChipMOS Technologies' stock price experienced significant fluctuations in the Hong Kong market. Despite the market's attention to Norges Bank's reduction, overall market sentiment pushed the stock price up. Source: Zhitong Finance 3. Recently, market attention on ChipMOS Technologies has increased, with trading volume significantly rising, reaching HKD 204 million, indicating a positive attitude from investors towards the stock. Source: Zhitong Finance. Market sentiment is driving stock price fluctuations, and risks need to be monitored. TianYue Advanced rose by 8.90%, with a trading volume of HKD 135 million, and there have been no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, the stock shows significant volatility, and specific reasons need further observation. Xinyi Solar rose by 0.45%. Based on recent news: 1. On July 29, the State Administration for Market Regulation will conduct price compliance guidance activities in the photovoltaic industry this Friday, aiming to curb irrational competition. This news boosted the overall performance of the photovoltaic industry, leading to an increase in Xinyi Solar's stock price. 2. On July 29, the overall performance of Hong Kong stocks was strong, with the Hang Seng Index rising by 1.4%. Photovoltaic stocks performed well alongside the market, and Xinyi Solar's stock price opened high and continued to rise On July 29, related companies in the photovoltaic industry, such as GCL-Poly Energy and Flat Glass Group, also performed well, further boosting market confidence in the photovoltaic sector, benefiting the stock price of Xinyi Solar. The overall performance of the photovoltaic industry is strong, and market confidence is increasing. **Stocks Ranked Among the Top by Market Capitalization in the Industry** Hanergy Thin Film Power Group rose by 4.27%. Based on recent news, 1. On July 30, Hanergy Thin Film Power Group announced a stock repurchase plan, and the market is full of confidence in its future development, driving the stock price up. The company plans to repurchase shares worth approximately HKD 1 billion to enhance shareholder value. 2. On July 29, Hanergy Thin Film Power Group released its latest AI technology progress, attracting significant attention from investors. The company's breakthrough advancements in the AI field have gained it more recognition in the market, leading to an increase in stock price. 3. On July 28, the macroeconomic environment improved, and market sentiment warmed. As signs of global economic recovery emerged, investor confidence in technology stocks strengthened, benefiting Hanergy Thin Film Power Group, which saw its stock price rise. 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Sticks to Their Buy Rating for ASMPT Ltd (ASMVF)](https://longbridge.com/en/news/294580572.md) - [ASMPT declares interim dividend of HKD 0.97 per share for first half of 2026](https://longbridge.com/en/news/294123800.md) - [Pou Sheng International files HKEX next-day disclosure return on share buyback for cancellation](https://longbridge.com/en/news/296597181.md) - [ASMPT Interim Net Profit Surges Nearly 1.75x to HKD589 Million; Declares Interim DPS of HKD0.97](https://longbridge.com/en/news/294133223.md) - [ASMPT awards CEO Bassel Haddad 59,500 shares under employee incentive scheme valued at HK$10.09 million](https://longbridge.com/en/news/295648189.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**