** Shares of semiconductor equipment manufacturer ASMPT Ltd 0522.HK drop as much as 17.6% to HK$63.25, their lowest since May 2023
** Stock on course for the biggest one-day pct drop since July 24, 2024; top pct loser in Hang Seng Tech Index .HSTECH, which rises 3.1%
** ASMPT said its 2024 net profit dropped 51.9% y/y to HK$342.2 mln ($44.04 mln) with revenue down 10% y/y to HK$13.23 bln
** Q4 net profit fell 94.4% y/y to HK$4.2 mln, and revenue was flat at HK$3.4 bln ($437.53 mln) - Co
** Revenue guidance for Q1 2025: $370 mln to $430 mln, which is flat y/y - Co
** Hang Seng Commerce & Industry Index .HSNC rises 2.4% and Hang Seng Index .HSI climbs 2.3%
** Stock down 13.2% YTD
($1 = 7.7709 Hong Kong dollars)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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