智通财经网·2025-10-31 03:17Core Viewpoint - ASMPT's adjusted net profit for Q3 decreased by 24% to HKD 100.6 million, falling short of market expectations of HKD 200.8 million, primarily due to a decline in gross margin [1] Group 1: Financial Performance - The adjusted net profit for Q3 was HKD 100.6 million, a 24% decline compared to the previous quarter [1] - The reported profit was below market expectations of HKD 200.8 million [1] Group 2: Business Developments - The company's TCB business is progressing steadily, having secured its first HBM412H order from two global high-end memory manufacturers [1] - Mainstream business growth is benefiting from the demand driven by artificial intelligence [1] Group 3: Market Outlook - The target price has been raised from HKD 76.6 to HKD 95 based on higher price-to-book ratios [1] - The rating is maintained at "Outperform" [1]