Besi drops after peer's ASMPT weak results, analyst says

ASMPT

24/07/2024 09:54

** Shares in Besi  BESI.AS  fall 6% to the bottom of
Amsterdam's AEX  .AEX  index, with an analyst pointing to weak
results from peer ASM Pacific Technology (ASMTP)  0522.HK 
    ** Shares in Hongkong-listed ASMPT, which also guides for
9.9% drop in Q3 revenue citing slower recovery and tepid
consumer spending, tumbled more than 23%
        ** ASMPT also announced first orders for hybrid bonding
aligned to HBM, Bernstein's Sara Russo notes 
    ** The stock is among the worst performers on pan-European
STOXX 600  .STOXX  index
   ** Besi reports its Q2 earnings on July 25

 (Reporting by Dagmarah Mackos)
 ((dagmarah.mackos@tr.com))