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HKG:0522

6 stories mentioning HKG:0522Updated 25d ago

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Asia

Hong Kong Stocks Edge Lower on Middle East Uncertainty; Chaozhou Three-Circle Surges

Hong Kong stocks closed slightly lower Tuesday as investors remained cautious over developments in the Middle East and awaited Hong Kong's inflation data due later in the day.The Hang Seng Index slipped 10.76 points to 25,132.29, while the Hang Seng China Enterprises Index fell 21.22 points, or 0.3%, to 8,360.68.Investor sentiment stayed subdued as markets monitored the conflict in the Middle East. Despite a pullback in oil prices, concerns that the conflict could disrupt energy supplies and fuel inflation kept investors cautious.Wall Street ended lower overnight as investors tracked the U.S.-Iran conflict and looked ahead to earnings from major technology companies.Among individual stocks, Chaozhou Three-Circle (HKG:6951, SHE:300408) jumped nearly 12% after forecasting up to a 65% increase in first-half attributable profit.ASMPT (HKG:0522) rose more than 7% after appointing Bassel Haddad as group chief executive officer and executive director, effective Aug. 11.

Hang SengHKG:0522HKG:6951SHE:300408
Asia

ASMPT Group CEO to Retire, Successor Named; Shares Up 5%

ASMPT (HKG:0522) appointed Bassel Haddad as group chief executive officer and executive director, effective Aug. 11, according to a Tuesday Hong Kong bourse filing.Haddad joins the semiconductor equipment maker from SkyWater Technology, where he served as senior vice president and general manager of Foundry Solutions and Technology Platforms. He succeeds Robin Ng Cher Tat, who will retire as group CEO on the same date.Shares of the company jumped nearly 5% in recent trade.

HKG:0522
Asia

ASMPT Completes Sale of NEXX Unit to Applied Materials

ASMPT (HKG:0522) completed the sale of ASMPT NEXX, a wholly owned subsidiary held through its indirect unit ASMPT USA, to Applied Materials for $120 million, according to a Thursday Hong Kong bourse filing.Following completion of the transaction, ASMPT NEXX has ceased to be a subsidiary of the company and its financial results will no longer be consolidated into ASMPT's financial statements.The chip gear maker said the purchase price was determined through a competitive bidding process, with Applied Materials submitting the highest bid.The company expects to record a net gain of about HK$11 million from the disposal, based on estimated net sale proceeds of $116 million, and adjustments for working capital and indebtedness.

HKG:0522
Asia

ASMPT Issues 1.6 Million Shares Under Employee Incentive Scheme

ASMPT (HKG:0522) allotted and issued 1.6 million new shares under its employee share incentive scheme, according to a Monday Hong Kong bourse filing.Shares of the chip gear maker were down nearly 2% in Tuesday morning trade.The awarded shares were subscribed for in cash by the scheme trustee and will be transferred to selected employees subject to vesting conditions.The new shares represent about 0.4% of ASMPT's existing issued share capital and were issued at a par value of HK$0.10 each.ASMPT expects to raise HK$157,125 from the share issue for general working capital purposes.

HKG:0522
Asia

ASMPT to Sell Semiconductor Solutions Business for $120 Million

ASMPT (HKG:0522) agreed to sell its U.S.-based ASMPT NEXX unit to Applied Materials in a $120 million deal, according to a Hong Kong bourse filing Monday.ASMPT NEXX is a supplier of electrochemical deposition and physical vapour deposition equipment for the advanced packaging of semiconductor devices.ASMPT expects to record a net gain of HK$11 million from the sale. The firm decided to sell the business to reallocate resources elsewhere.

HKG:0522
Asia

ASMPT's Profit Rises Threefold as Revenue Climbs 32% in Q1

ASMPT (HKG:0522) booked HK$253.8 million in attributable profit for the first quarter of 2026, up about threefold from HK$83.6 million a year earlier, according to a Hong Kong bourse filing on Wednesday.Earnings per share at the chip gear maker came in at HK$0.78, compared with HK$0.27 in the prior year.Revenue rose 32% year on year to HK$4 billion from HK$3 billion, figures showed.The company said strong demand driven by AI technology supported growth, with bookings rising 72% year over year.The firm expects second-quarter revenue of $540 million to $600 million, up 12% quarter on quarter and 37% year on year at the mid-point of $570 million.

HKG:0522

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