Changes in Hong Kong stocks | ASMPT (00522) fell more than 4% in the afternoon, Asmack's third-quarter revenue fell short of expectations and fell more than 4% in night trading

The Zhitong Finance App learned that ASMPT (00522) fell more than 4% in the afternoon. As of press release, it decreased by 4.04% to HK$152, with a turnover of HK$162 million.

According to the news, Asma once fell more than 4% in the night trading after releasing its earnings report. Net sales for the third quarter were 11.66 billion euros, estimated at 11.7 billion euros; net profit was 4.960 billion euros, estimated at 4.165 billion euros. The full-year revenue guidance narrowed from the previous 43 billion to 45 billion euros and moved upward to 44 billion to 45 billion euros.

Goldman Sachs previously released a research report stating that it will raise ASMPT's target price for the next 12 months from HK$177 to HK$183 to maintain a “neutral” rating. The bank has a positive view on ASMPT advanced packaging applications, believing that it will benefit from the migration of technology to smaller spacing and the increase in GPU, ASIC and HBM applications.