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2026-10-28 12:45:15 Citi published a research report stating that ASMPT (00522.HK)'s third-quarter results were largely in line with expectations. Driven by advanced packaging, mainstream SEMI business and SMT, revenue reached HKD5.247 billion, up 49% YoY and 6% QoQ, in line with its previous guidance of USD630 million to USD690 million. Net profit was HKD533 million, below market expectations of HKD578 million, but still in line with Citi's estimates. Citi said third-quarter orders reached a record high of HKD8.8 billion, with SEMI orders surging 172% YoY and 32% QoQ, while SMT orders also hit another record high, rising 122% YoY and 19% QoQ. Management expects fourth-quarter revenue to range from USD670 million to USD730 million, implying approximately 38% YoY growth at the midpoint, about 9% above market expectations, while the lower end of the guidance is also above market forecasts. Citi reiterated its "Buy" rating on ASMPT with a TP of HKD250, citing optimism over advanced packaging demand supported by order trends. (gc/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |