Hong Kong Stock Afternoon Review | The three major indices of Hong Kong stocks pulled back, and the Tech Index fell nearly 2%; PV stocks reversed the market, and GCL Technology rose more than 6%

Technology Network stocks declined; Bilibili fell more than 6%, NetEase fell more than 4%, Kuaishou and Meituan fell nearly 4%; as concept stocks declined, Huazhu Group fell more than 3%, and Jiumaojiu fell nearly 3%.

Futu News12:09

Nvidia is back with full blood! It surged more than 6% on Friday and surged 15% throughout the week. The semiconductor sector is excited again

Nvidia's cumulative increase this week was the biggest in 11 months. Although no financial report has been released yet, the performance was impressive. It was more impressive than tech giants such as Tesla and Google's parent company Alphabet, which surged after this week's earnings report was announced.

wallstreetcnApr 27 18:33

Major Bank Ratings | UBS: Maintaining the ASMPT “Buy” Rating Advanced Packaging Growth Increased Visibility or Bringing Potential Upside

Glonghui, April 26 | UBS released a report stating that ASMPT's results for the first quarter of this year were in line with expectations, with revenue falling 8% quarterly to HK$3.1 billion, in line with the forecast and reaching the median forecast in the company's guidelines. Among them, semiconductor solutions (SEMI) business revenue fell 14% quarter-on-quarter, and surface-mount technology (SMT) business revenue fell 3% quarterly. Gross margin fell 0.4 percentage points to 41.9%. Earnings per share were HK43 cents, which was roughly in line with the bank's and market expectations of HK$48. The bank lowered ASMPT's earnings forecast for this year and next two years from HK$4.1 and HK$5.65 to 2.45 and

Gelonghui FinanceApr 26 11:04

Bank Ratings | Bank of America: Raising ASMPT Target Price to HK$130 to Reiterate “Buy” Rating

Gelonghui, April 26 | Bank of America Securities released a report stating that ASMPT CEO Huang Zida provided a positive outlook on the thermocompression welding (TCB) and hybrid welding (HB) business at the first quarter earnings conference of this year, based on three major reasons, including strong growth in demand for artificial intelligence chips; expanding high-bandwidth memory (HBM) capacity using more advanced TCB; and confirming HB orders. The bank lowered ASMPT's earnings forecast per share for this year by 26% based on a reduction in traditional equipment sales forecasts, but raised next year's earnings per share by 5% due to an increase in TCB orders. The company is also expected to be in 2025 and 2026

Gelonghui FinanceApr 26 10:58

Intraday Overview | Technology stocks continue to rise, and the Tech Index rose more than 2.5%

Xiaopeng Motors and Shunyu Optical Technology rose nearly 5%, Dongfang Selection rose more than 4%, and Shangtang, Kuaishou, and Jinshan Software rose more than 3%.

Futu NewsApr 26 10:47

Everbright Securities: Maintaining the ASMPT (00522.HK) “gain” rating, optimistic that AI chips and HBM-driven TCB devices will accelerate shipments in 24/25

Everbright Securities released a research report stating that maintaining the ASMPT (00522.HK) “gain” rating, considering that semiconductor recovery fell short of expectations, the company's traditional packaging, SMT and other businesses were under pressure, and the 24-25 net profit forecast was lowered to HK$1,363 billion (-38%/-2% compared to the previous forecast), adding a 26-year net profit forecast of HK$3.54 billion, +90.8%/+30.9%. However, considering the company's low profit base in '23, the profit in '24 is expected to increase significantly year-on-year; actively developing the advanced packaging business, in AI chips and

Zhitong FinanceApr 26 10:19