ASM Pacific Technology (HK:0522) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
ASM Pacific Technology reported a slight decline in Q3 2024 revenue to HK$3.34 billion, despite a notable 87% increase in net profit year-on-year. The company benefited from strong demand in its Advanced Packaging solutions, driven by the growing adoption of AI and high-performance computing applications. However, other segments, such as SEMI mainstream and SMT, faced challenges due to uneven recovery in the semiconductor industry.
For further insights into HK:0522 stock, check out TipRanks’ Stock Analysis page.
