Understanding the Market | ASMPT fell over 6% before earnings, Morgan Stanley expects it may incur losses in the third quarter due to one-time restructuring expenses

ASMPT fell over 6%, as of the time of publication, down 6.61% to HKD 87.55, with a trading volume of HKD 165 million. In terms of news, ASMPT previously announced that it plans to hold a board meeting on October 28 to consider and approve the publication of the unaudited consolidated performance announcement for the nine months ending September 30, 2025, for the company and its subsidiaries. The company stated that the announcement will be made after the market closes on that day. Morgan Stanley recently released a research report predicting that ASMPT may record a loss in the third quarter due to one-time restructuring expenses, but it advises investors to focus on its long-term growth drivers, including CoWoS-L capacity expansion, development of high-frequency memory in China, and progress in hybrid bonding. The bank indicated that the median revenue guidance for ASMPT in the third quarter is USD 475 million, representing an 11% year-on-year increase. Morgan Stanley currently predicts that the company's revenue will meet the guidance but believes that there will be approximately RMB 360 million in one-time restructuring expenses during the period, resulting in a net loss of about HKD 69 million