ASMPT Stock Falls 7.8% After Mid-Year Earnings Beat Market Expectations

ASMPT-7.52%
ASMPT (HK:0522) stock declined 7.8% to HK$128.6 after the company reported mid-year results today, with intraday lows touching HK$128.2 and trading volume exceeding HK$820 million. The company posted shareholder profit of HK$589 million for the first half, up 174% year-over-year, with sales revenue reaching HK$8.903 billion, up 42.46% annually. The interim dividend was HK$0.97 per share. For Q3, ASMPT guided sales revenue between $630–690 million, representing 4.8% sequential growth and 46.3% year-over-year growth, exceeding market consensus. The company attributed growth drivers to TCB and photonics segments.
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