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港股异动丨ASMPT绩后2连跌,累跌近30%,遭高盛花旗等多家大行下调目标价

Hong Kong stock market anomaly: ASMPT has fallen for two consecutive days after the performance, with a cumulative decline of nearly 30%, and has been downgraded by many big banks such as Goldman Sachs and Citigroup.

Gelonghui Finance ·  Jul 25 11:06  · Ratings

Glonghui, July 25 | Following a sharp drop of 23% yesterday, ASMPT (0522.HK) once again fell nearly 8% to HK$81.05 today, falling nearly 30% on the 2nd. According to the news, the company announced its interim results as of the end of June early on the 24th. Shareholders' profit attributable to shareholders was HK$0.315 billion, down 49.64% year-on-year, with a profit of HK$0.76 per share; an interim interest of HK$0.35. During the period, sales revenue was HK$6.481 billion, down 17.11% year-on-year. As of the end of June, the total amount of outstanding orders was HK$6.4 billion. For the second quarter alone, profit attributable to shareholders was HK$0.135 billion, a year-on-year decrease of 56.08%, lower than market expectations, with earnings of HK$0.33 per share. Sales revenue was HK$3.342 billion, down 14.32% year over year. The Group expects sales revenue for the third quarter to be between 0.37 billion and 0.43 billion US dollars, down 9.9% year on year and 6.4%, respectively, in the middle. The month-on-month decline was mainly due to a decline in sales revenue in the Surface Mount Technology Solutions segment. After the results were announced, Goldman Sachs lowered the ASMPT target price from HK$136.12 to HK$117, but maintained a “buy” rating; Citi lowered the ASMPT target price from HK$140 to HK$110, corresponding to next year's projected price-earnings ratio of about 23 times, and rated “buy”; Lyon also lowered the ASMPT target price, from HK$116 to HK$80, and downgraded the rating from “outperforming the market” to “holding”.

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