Glory on October 12th | Citigroup released a research report stating that there were earlier rumors that the USA private equity firm KKR is considering making a takeover offer for the semiconductor and electric appliances manufacturer ASMPT with a value of approximately $5 billion. The report points out that the privatization news is positive for ASMPT, providing downside support for ASMPT, giving the stock a "buy" rating with a target price of HK$110. The firm noted that the major shareholder ASM International, holding 25% of ASMPT shares, has held approximately 0.103 billion shares of ASMPT since 2017 and did not reduce its holdings at the previous high of $131. The firm believes that the potential takeover offer price per share needs to be higher than ASMPT's previous high in order to have a chance of being approved. In addition, the firm maintains a positive outlook on ASMPT, expecting ASMPT to benefit from the increasing demand for TCB equipment and the stabilization of the two mainstream technologies, SEMI and SMT, by 2025.