Sent a letter with Steamboat to $ACMR:
https://t.co/qAJTJw3iXs
$ACMR: Its 8K on Friday disclosing its potential Hong Kong listing could be a breakthrough development in collapsing the big discount between ACMR and its Chinese-listed operating company ACM Shanghai. Our thoughts here: https://t.co/29QAikCD2W
$ACMR has 4x'd since our writeup a year ago. Only 6x more to go to fulfill our report title "Fabrication of a 10-bagger". Shoutout to @TheBenSchmark from whom we got the idea and @Citrini7 for adding the rocket fuel. Teamwork makes the dream work
Our $ACMR update on @SeekingAlpha, can discuss comments and questions in the Q&A section:
https://t.co/2FTIBf7oSm
$ACMR’s Q3 “miss” provides an attractive entry for those who missed the stock’s run-up earlier this year, and we believe shares remain poised for multibagger returns. 7/7
$ACMR trades at just 1.4x, 7.3x, and 15.3x 2026E revenue, EBITDA and GAAP net income, respectively, representing approximate 50-80% discounts to US, European, and Japanese WFE peers. In China, ACMS trades at 9.5x 25E revenue while $ACMR in the U.S. trades at 1.7x. 6/7
Product line expansion is going well, with new markets such as electroplating, thermal processing, track, and deposition accelerating in 2026. $ACMR remains the national champion in cleaning and the company now believes it can capture 60% of the domestic Chinese market. 5/7
New since our January report, the emergence of China’s own AI-fueled capex wave is greatly underappreciated. Billions will be spent on China’s AI infrastructure, and the domestically produced processors and memory will be made with $ACMR tools. 4/7
$ACMR trades at a 72% discount to the value of its stake in ACMS, and at 16x ’26 P/E, a meagre multiple relative to the company’s massive growth opportunity. 2/7
We’ve written an update on $ACMR, available at https://t.co/to9vKAZskg. The story has only gotten better since January, with ACMS up 50%+ in China and China’s semi capex growth being supercharged by the country’s own AI spending wave. 1/7
We’re baaaaaack! $ACMR — we bought hand over fist after earnings and it’s now our third biggest holding after Buzzi and Aixa. We’ll write up an update and host a twitter spaces as soon as we can, this is still a multibagger. Chinese semicap localization is a massive theme and $ACMR is the best and only play on US exchanges
Our two longs this year: $ACMR +130% and $STX +112%. We’re equally optimistic about today’s idea
$ACMR +10% today and +150% since our report, bc @blondesnmoney went long or bc ACM Shanghai doubled in past few months or bc Ken Griffin read our report or who knows. Anyways, it's still fundamentally undervalued & Chinese semicap remains a great long-term theme. We still own
$ACMR +20% as China tells customers to focus on domestically produced chips. "Chip industry analysts also said Beijing’s actions reinforce its commitment to its own chip self-sufficiency campaigns." Domestic Chinese semicaps continue to have bright long-term growth prospects
