ACM Research Inc (ACMR)

Love ACMR. Traders dream. Been long since 17's in 2024 and selling puts or calls to increase or trim position on big moves ever since. Probably will hold a core position indefinitely.

Kerrisdale and Steamboat Send Letter to ACM Research Inc.April 22, 2026 8:30 AM
PR Newswire (US)

NEW YORK, April 22, 2026 /PRNewswire/ -- Kerrisdale Capital Management, LLC and Steamboat Capital Partners, LLC today sent a letter to the CEO and Board of Directors of ACM Research, Inc. The full text of the letter follows:April 22, 2026David H. Wang
Chief Executive Officer
ACM Research, Inc.
42307 Osgood Road, Suite I
Fremont, CA  94539cc: Board of DirectorsDear David,Kerrisdale Capital Management, LLC, Steamboat Capital Partners LLC and our respective affiliates collectively own or advise entities owning approximately 600,000 shares of ACM Research, Inc. We are excited to hear that management is taking preliminary steps to pursue a Hong Kong share listing, per your Form 8-K filed with the Securities and Exchange Commission on April 17, 2026. We have long been of the view that a Hong Kong share listing is a preferred method to ultimately reduce the large discount between the market valuation of ACMR, the equity of ACM Research Inc. which trades in the United States, and the market valuation of 688082, or "ACMS", the equity of ACM Research (Shanghai), Inc., which trades on the Shanghai Stock Exchange in China.We think that the issuance of publicly tradable shares of ACM Research (Shanghai), Inc. on the Hong Kong Stock Exchange is a step in the right direction to address the share discount of ACMR, among other benefits.Tradable shares on an Asian exchange accessible to global investors can provide a variety of potential opportunities to pursue financial transactions and corporate actions that can not only reduce the discount that ACMR trades at, but potentially eliminate it.Additionally, the company could also, or could instead, pursue a public offering and listing in Hong Kong of shares of ACM Research, Inc. A dual listing of ACMR shares on the Hong Kong Stock Exchange, where the newly listed Hong Kong shares are fully fungible to NASDAQ-listed ACMR shares, would directly address the current discount of ACMR shares and allow U.S. shareholders to convert their U.S. shares to Hong Kong shares if they believe that Hong Kong-listed shares of ACMR would trade at a higher valuation.We are writing this letter to communicate that we would be interested in being an anchor investor in such a public offering of Hong Kong-listed shares of ACM Research, Inc. We would each commit to a minimum of $20 million, and potentially collectively up to $100 million, of capital for an offering of ACMR Hong Kong-listed shares at today's valuation. A public offering in Hong Kong of ACMR shares that are fungible to the American shares of ACM Research, Inc., at the current valuation of ACMR, would be a very attractive opportunity to us, because we believe that, over the long term, the company's potential H-shares would appreciate to a level representative of the typical discount between H-shares and their related A-shares. The typical H-share/A-share discount is far lower than the current discount of U.S.-listed ACMR shares to the China-listed A-shares. We are also believers in ACM Research's long-term fundamental growth story and would be happy to increase our equity exposure in your business. As such, we would be comfortable with a customary lock-up provision in such newly issued shares. We would also potentially be interested in being an anchor investor at a higher valuation should ACMR's share price appreciate from current levels prior to such an offering.Even if you do not pursue an offering and listing of ACM Research, Inc. shares in Hong Kong, but instead continue with the recently disclosed public offering of ACM Research (Shanghai), Inc. shares in Hong Kong, we commend you on this decision and believe it also provides avenues to pursue corporate actions in the long term that can directly address the discount at which shares of ACM Research, Inc. currently trade at.Let's go to Hong Kong.Thank you.Sincerely,Sahm Adrangi
Chief Investment Officer
Kerrisdale Capital Management, LLCParsa Kiai
Managing Partner
Steamboat Capital Partners LLCMedia contact:Sahm Adrangi
sadrangi@kerrisdalecap.comParsa Kiai
pkiai@steamboatcp.com 



View original content:https://www.prnewswire.com/news-releases/kerrisdale-and-steamboat-send-letter-to-acm-research-inc-302750265.htmlSOURCE Kerrisdale Capital Management, LLC and Steamboat Capital Partners LLC

Original: Kerrisdale and Steamboat Send Letter to ACM Research Inc.

ACMR new 52 week high

ACMR new 52 week high

yes

New to board, this one is smoking. good potential!

Epic call...

Was I right about this one, smokin

ACMR buy 14.48



http://www.acmrcsh.com/



normal chart







log chart

2nd Q Results 7th August.

I recommend Strong Buy

Don't get caught short

sorry for triplicate ADFN doesn't seem to be working correctly

View latest report here.

https://www.dropbox.com/s/i8yjtgj2s6xsrda/ACMR%20Report.pdf?dl=0

View latest report here.

https://www.dropbox.com/s/i8yjtgj2s6xsrda/ACMR%20Report.pdf?dl=0

View latest report here.

https://www.dropbox.com/s/i8yjtgj2s6xsrda/ACMR%20Report.pdf?dl=0

Report Date: July 06, 2018
ACM Research Inc
NASDAQ: ACMR
Price as of 07/06/2018
Copyright ©2018 Ford Equity Research www.fordequity.com
RATING 1 2 3 4 5
Reiteration 7/06/18
We project that ACMR will outperform the market over the next 6 to 12 months. This projection is
based on our analysis of three key factors that influence common stock performance: earnings
strength, relative valuation, and recent price movement.
Previous Rating
1 2 3 4 5 (11/12/11 - 6/29/18)
52-Week Price Range
$4.75 - $14.94
Market Capitalization
$0.17 Billions
Industry
Semiconductors
Earnings Strength VERY POSITIVE
very negative neutral very positive
EPS increased from $-0.38 to an estimated $-0.03
over the past 5 quarters indicating an improving
growth rate. Analyst forecasts have recently been
raised. Company recently reported better than
expected results.
Relative Valuation NEGATIVE
very negative neutral very positive
Operating Earnings Yield of -0.3% ranks above 26%
of the companies covered by Ford.
Price Movement NOT RATED
very negative neutral very positive
1-year price : N/A
1-quarter down 8.1%: VERY POSITIVE
1-month down 14.1%: VERY POSITIVE
ACM Research develops, manufactures and selsl single-wafer wet cleaning equipment, which semiconductor manufacturers can use in numerous
manufacturing steps to remove particles, contaminants and other random defects, and thereby improve product yield, in fabricating advanced
integrated circuits, or chips. The company’s Ultra C equipment is designed to remove random defects from a wafer surface effectively, without
damaging a wafer or its features, even at an increasingly advanced process node of 22 nanometers, or nm, or less.

New report 7/6/18 from Ford Equity Research has it as outperform.

It's a buy from 3 analysts, one a strong buy with 12 month target prices from $14 to $20. I'm looking for $17.50

However that doesn't take into account this recent PR which could set the company up for substantial future growth

"The order represents a meaningful revenue opportunity from this new customer. Upon production line qualification of the initial tool being delivered, ACM anticipates repeat orders for multiple tools from this customer. The Company intends to ship the initial SAPS tool in the third quarter of 2018, with revenue recognition coming upon qualification and acceptance."

Time to buy in. I still quater result good progress. Recent PRs re New large orders..

Looking for $17.50

DOWNTREND

This is a textbook case of fraud.......and you think it will go higher......lol.

HOD 1.57

10 mil vol

+60%

AMCR @ 1.52