HK Stock Market Move | ASMPT (00522) opens nearly 5% higher; Q3 profit of HK$533 million, turning profitable year-on-year

ASMPT (00522) opened nearly 5% higher. As of press time, it was up 4.87% at HK$127.1, with turnover of HK$6.737 million. On the news front, ASMPT released its third-quarter results, recording revenue of HK$5.247 billion for the period, up 48.7% year-on-year; total new orders of HK$8.845 billion, up 137.9% year-on-year; and profit of HK$533 million, turning profitable from a loss in the same period last year. Fourth-quarter revenue is expected to range between US$670 million and US$730 million, with the midpoint of US$700 million representing a 4.6% increase quarter-on-quarter and a 37.5% increase year-on-year. Benefiting from continued increases in AI infrastructure investment, one-off large orders, and extended delivery lead times that prompted customers to place orders earlier, the group's total new orders in the third quarter of 2026 reached a record high of HK$8.85 billion. Driven by strong demand across multiple products, total new orders rose 24.7% quarter-on-quarter and 137.9% year-on-year. The group's book-to-bill ratio reached 1.69, the highest level since the first quarter of 2021.