<div id="readability-page-1"><div><p>CICC published a report stating that, driven by strong downstream demand boosting both the SEMI and SMT businesses, ASMPT (00522.HK)<span> </span><span> +0.800 (+0.484%)  </span> <span> Short selling $57.01M; Ratio 6.235%  </span> s 1Q results and guidance exceeded the brokers expectations.</p><p>The report noted that ASMPT announced 1Q results, with revenue from continuing operations and on an adjusted basis reaching HKD3.967 billion. Orders amounted to USD727 million, up 71.6% YoY and 46% QoQ, hitting a near four-year high and significantly surpassing the brokers expectations. Adjusted gross margin fell 1.51 ppts YoY due to a higher revenue contribution from SMT, while benefiting from an optimized product mix within the SEMI segment. Adjusted net profit totaled HKD335 million. Supported by strong order growth across multiple business lines, the company guided 2Q revenue at USD540 million to USD600 million, maintaining robust growth momentum.</p><p>The report added that, on the back of strong multi-segment order growth and margin improvement, it raised its 2026 revenue/profit forecasts by 12%/15% to HKD16.8 billion/HKD1.8 billion, and lifted its 2027 revenue/profit forecasts by 21%/30% to HKD20.3 billion/HKD2.2 billion. It maintained an Outperform rating and, given market recognition of its strong demand outlook and industry position, as well as an upward shift in valuation multiples, raised the TP by 56% to HKD210.<br/>(ha/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)</p></div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p></div>

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<p>CICC has raised ASMPT's target price to HKD210 following strong 1Q results that exceeded expectations. ASMPT reported revenue of HKD3.967 billion, with orders up 71.6% YoY. The company guided 2Q revenue between USD540 million and USD600 million, maintaining growth momentum. CICC also increased its 2026 and 2027 revenue/profit forecasts by 12%/15% and 21%/30%, respectively, and maintained an Outperform rating due to strong demand and improved margins.</p>

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CICC Raises ASMPT  TP to HKD210; 1Q Results and Guidance Beat