ASMPT opened down more than 4%, as ASML (ASML.US) missed earnings expectations in Q3, causing the stock to close down nearly 13% overnight.

ASMPT(00522) opens lower by more than 4%, down 4.55% at 109.2 Hong Kong dollars at the time of writing, with a turnover of HK$71.9 million.

On the news side, on July 17, ASML released the 2024 Q2 financial report. The financial report shows that the company achieved a total revenue of Euro6.24 billion in the quarter, down 9.6% YoY; achieved a net profit of Euro1.6 billion, down 18.7% YoY; achieved a gross margin of 51.5%. ASML expects net sales of Euro6.7-7.3 billion in the third quarter of 2024, gross margin between 50% and 51%, lower than the market expectation of Euro74.6 billion. ASML (ASML.US) closed down 12.74% overnight.

It is reported that UBS recently maintained a constructive view on ASMPT's hot pressing bonding (TCB) technology, and believes that the possibility of breakthroughs in 12-layer HBM3E and HBM4 is increasing from 2025 to 2026. At the same time, the company has started to deliver 2.5D TCB to TSMC (TSM.US) and other companies this year, and is expected to deliver more next year and beyond.