Citigroup: ASMPT (00522.HK) worst case may be over, rated as "buy" with a target price of HK$65.

Zhtng cijng APP huxn, huq fb ynbo chng, yc ASMPT (00522.HK) wili shur j yngl fs jiy y jn mng ling nin TCB shbi dngdn wijin, bndot j SMT yw qxing widng dng tudng, yq AI didng AP yw shur gngxin tgo, y yuwng tudng gzh chngg, gi y "mir" pngj, mbio ji 65 gngyun. According to the Wise Finance APP, Citibank released a research report predicting that the future revenue and profitability of ASMPT (00522.HK) will benefit from stable TCB equipment orders in the coming two years, as well as steady trends in the semiconductor and SMT businesses. It is expected that AI will drive an increase in revenue contribution from the AP business, which may also lead to a reevaluation of the valuation. They have given a "buy" rating with a target price of HK$65.