STOCKS | Citi Raises ASMPT Target to HK$250 From HK$180, Reiterates Buy

Citi raised its target price for ASMPT (0522) to HK$250 from HK$180 and reiterated a “buy” rating, according to Ming Pao. The bank cited rising market demand for advanced packaging (AP) and an industry re-rating as key reasons for the upgrade.