Zhi Tong Cai Jing·2025-10-31 08:33Core Viewpoint - ASMPT's third-quarter performance was generally below expectations due to profit reduction and restructuring costs, but management provided a positive outlook for the fourth quarter with expected sales of $470 million to $530 million, representing a 7% quarter-over-quarter increase and a 14% year-over-year increase [1] Financial Performance - ASMPT's third-quarter results were impacted by profit shrinkage and restructuring expenses, leading to performance that fell short of expectations [1] - The company anticipates a strong earnings growth next year, with the potential for over 100% increase in earnings per share due to a low base in 2025, although revenue and profit are expected to remain at moderate levels within the cycle [1] Analyst Rating - The firm reiterated a "Neutral" rating on ASMPT, adjusting the target price from HKD 100 to HKD 95 [1]