BRIEF: ASMPT first-quarter revenue jumps, forecasts more growth
Semiconductor equipment maker ASMPT Ltd. (0522.HK) on Tuesday said its first-quarter revenue reached HK$3.97 billion ($508 million), up 32% year-on-year and 0.2% sequentially. The company’s new orders for the quarter hit…
Huaming rides power equipment boom to Hong Kong IPO
The Shenzhen-traded company has filed for a second listing in more internationally focused Hong Kong, seeking to tap soaring investor interest in power equipment stocks Key Takeaways: Huaming Power has…
Top battery equipment supplier gets regulatory nod, hoping to follow CATL’s success
Wuxi Lead Intelligent could become the first blockbuster Hong Kong IPO of 2026, after its approval last week by China’s securities regulator Key Takeaways: Hong Kong IPO candidate Wuxi Lead…
Business diversification may backfire on Lingong as it seeks Hong Kong IPO
The mining equipment maker is looking to go public amid optimism around Chinese stocks and a commodities upturn, but its exposure to China’s troubled real estate market is a red…
INDUSTRY BRIEF: Chinese chip-equipment buying surges in first half of 2024
China purchased a record $25 billion worth of equipment used to make high-tech microchips in the first half of 2024, more than Taiwan, the U.S. and South Korea combined. Among…
CHINA BULLETIN: Bring on the Equipment Upgrades, Says Beijing
In this week’s issue spying cranes, a TikTok sale and a meaty IPO. On a scale of 1 to 100, we give the week a 60 for offshore-listed China stocks.…
FAST NEWS: Tat Hong swings to the red on project delays
The latest: Construction equipment maker Tat Hong Equipment Service Co. Ltd. (2153.HK) warned on Wednesday it expects to report a net loss of 35 million yuan ($4.9 million) to 45…
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