ASMPT Falls 8% After Strong Half-Year Results

ASMPT (522.HK) fell 8.03% in Hong Kong trading to HK$128.90.

The company reported second-half results with profit attributable to shareholders of HK$589 million, a 174.1% year-on-year increase, while revenue rose 42.5% to HK$8.903 billion. The board declared an interim dividend of HK$0.97 per share.

Driven by the AI wave, orders for semiconductor and SMT divisions remained robust, totaling HK$12.754 billion, up 85.1% annually.

Despite the strong performance, Citigroup reiterated a "Buy" rating with a target price of HK$250, citing strong demand for advanced packaging and recovery in SMT business.