HK-listed chip equipment maker ASMPT hits 2-month low on weak Q1

ASMPT

26/04/2023 04:02

** Shares of semiconductor and electronics equipment maker
ASMPT Ltd  0522.HK  fall as much as 6.1% to HK$65.80, lowest
since Feb. 24, and on course for the second session of decline
    ** Stock is top decliner in Hang Seng Composite Index on
information technology firms  .HSCIIT  and second-biggest loser
in Hang Seng Composite Index  .HSCI  
    ** Co says its Q1 2023 net profit down 62% YOY to HK$315.1
mln ($40.14 mln) with revenue falling 25.6% YOY at HK$3.92
billion ($499.38 million)   
    ** Co sees its Q2 revenue to be in the range of $455-525 mln
 
    ** The Hang Seng Composite Index on information technology
firms  .HSCIIT  climbs 0.2%, and the Hang Seng Tech Index
 .HSTECH  rises 0.6%
    ** The Hang Seng Composite Index  .HSCI  and the Hang Seng
Index  .HSI  both gain 0.2% 
    ** As of last close, the stock had surged 25.9% this year


($1 = 7.8497 Hong Kong dollars)

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