HK-listed ASMPT rises most in 6 weeks as Q1 profit jumps on quarter

ASMPT

24/04/2024 05:59

** Shares of ASMPT Ltd  0522.HK  surge 8.9% to HK$104.20, on
track for the biggest one-day pct rise since March 12
    ** Stock hit the highest since April 18 on the second
session of gain; seventh biggest pct gainer in Hang Seng
Composite Index  .HSCI  
    ** The manufacturer of machines and tools used in
semiconductor and electronic assembly industries says Q1 net
profit jumped 134.5% Q/Q to HK$177.5 mln ($22.66 mln), while
revenue fell 7.8% Q/Q to HK$3.14 bln 
    ** Revenue guidance for Q2 at $380 mln to $440 mln - Co 
    ** Hang Seng Commerce & Industry Index  .HSNC  rises 2%,
Hang Seng Composite Index  .HSCI  climbs 1.6% and Hang Seng
Index  .HSI  adds 0.7%
    ** Stock up 38.1% YTD  
    ($1 = 7.8342 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))