AMS provides advanced sensor and analog solutions for high value and emerging markets. Co.'s markets include Consumer and Communications and Industrial, Medical, Automotive. Co. delivers a broad range of innovative technology solutions for consumer electronics and communication device manufacturers including intelligent light sensors, MEMS microphone ICs, NFC solutions, active noise-cancelling ICs and ultra-low power management solutions. Co. offers customized, application-specific integrated circuits and standard solutions for a broad range of industrial applications including automation and control, position sensors, building automation, security and high-resolution seismic analysis.
  • TickerAMS
  • ISINAT0000A18XM4
  • ExchangeSix Swiss Exchange
  • SectorTechnology Hardware & Equipment
  • CountryAustria
Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 09/23/2020

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Stephane Houri

AMS AG : Announcement of domination agreement marks a key stage in the integration (and restructuring) of OSRAM

>Domination agreement between ams and OSRAM marks a key stage in the finalisation of the deal and the implementation of synergies - ams yesterday evening announced that its board and the board of OSRAM had concluded a domination and profit and loss transfer agreement, with ams as the dominant company and OSRAM as the controlled company. Under the terms of the agreement, the executive board and the supervisory board of OSRAM have adopted resolutions aimed at signing th...

Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 23/09/2020

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Frederic Yoboue

AMS: The DPLTA would come at a more expensive price than our estimates | SELL | CHF15(-18%)

AMS - SELL | CHF15(-18%) The DPLTA would come at a more expensive price than our estimates ams and OSRAM agreed on a DPLTA As previously argued, the deal ends up to be expensive OSRAM new guidance is good on revenue but less on margins We remain on the side line

Stephane Houri

AMS AG : L’annonce de ‘l’accord de domination’ est une étape importante de l’intégration (et de la restructuration) d’OSRAM

>L’accord de domination entre ams et OSRAM est une étape essentielle dans la finalisation de l’opération et la mise en place des synergies - Hier soir, ams a annoncé que son conseil d’administration et celui d'OSRAM avaient convenu de la conclusion d'un accord de domination et du transfert des profits et pertes, avec ams en tant que société dominante et OSRAM en tant que société contrôlée. A cet égard, le Directoire et le Conseil de surveillance d'OSRAM ont adopté des...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Not too bullish, not too bearish Despite several indexes recently touching new 52+ week highs, broad global indexes (MSCI ACWI, ACWI ex-US, EAFE, and EM) remain near logical resistance, and indicators continue to send mixed signals. As a result we are hesitant to get too bullish or bearish. Instead we want to focus on Sector/Group/industry themes where we bottoming price and RS, or attractive pullback opportunities within established price and RS uptrends. Below we highlight some of these themes along with indicators that support our overall constructive -- yet tempered -- outlook. • Posit...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Stick with leadership: U.S., EM, and Hong Kong Amid the continued heightened volatility and consolidation, global support levels continue to hold and our long-term bullish outlook remains intact. Stick with outperforming markets: U.S., EM, and Hong Kong. • MSCI ACWI internals remain healthy. The MCSI ACWI price and advance-decline (A-D) line uptrends remain intact. This positive breadth signal helps support our bullish outlook... see below • Hong Kong and EM remain leadership, maintain overweights; Within EAFE, favor small-caps. EM relative strength is advancing to yet another new high ...

Shelley Moen

Vermilion Int'l Compass: Global Equity Strategy

Weekly summary of Vermilion's global technical equity strategy calls, including sector weightings, from both a top down and bottoms up perspective. For a trial to Vermilion Research visit our website at www.vermilioncap.com or contact our sales team at (952) 922-7500.

Vermilion Int'l Compass: Global Equity Strategy

Weekly summary of Vermilion's global technical equity strategy calls, including sector weightings, from both a top down and bottoms up perspective. For a trial to Vermilion Research visit our website at www.vermilioncap.com or contact our sales team at (952) 922-7500.

Stephane Houri

AMS AG : Announcement of domination agreement marks a key stage in the integration (and restructuring) of OSRAM

>Domination agreement between ams and OSRAM marks a key stage in the finalisation of the deal and the implementation of synergies - ams yesterday evening announced that its board and the board of OSRAM had concluded a domination and profit and loss transfer agreement, with ams as the dominant company and OSRAM as the controlled company. Under the terms of the agreement, the executive board and the supervisory board of OSRAM have adopted resolutions aimed at signing th...

Frederic Yoboue

AMS: The DPLTA would come at a more expensive price than our estimates | SELL | CHF15(-18%)

AMS - SELL | CHF15(-18%) The DPLTA would come at a more expensive price than our estimates ams and OSRAM agreed on a DPLTA As previously argued, the deal ends up to be expensive OSRAM new guidance is good on revenue but less on margins We remain on the side line

Stephane Houri

AMS AG : L’annonce de ‘l’accord de domination’ est une étape importante de l’intégration (et de la restructuration) d’OSRAM

>L’accord de domination entre ams et OSRAM est une étape essentielle dans la finalisation de l’opération et la mise en place des synergies - Hier soir, ams a annoncé que son conseil d’administration et celui d'OSRAM avaient convenu de la conclusion d'un accord de domination et du transfert des profits et pertes, avec ams en tant que société dominante et OSRAM en tant que société contrôlée. A cet égard, le Directoire et le Conseil de surveillance d'OSRAM ont adopté des...

Frederic Yoboue

AMS - SELL | CHF15 vs. CHF14 (-17%)

AMS - SELL | CHF15 vs. CHF14 (-17%) Faster recovery for OSRAM but still cautious on the integration OSRAM upgrades its FY20 guidance The faster recovery is in line with our expectations We remain cautious on ams over the long run

Frederic Yoboue

Semiconductors & Hardware: Positive momentum for chip sales; we upgrade Infineon to Buy and ASMI to Conviction Buy

Semiconductors & Hardware Positive momentum for chip sales; we upgrade Infineon to Buy and ASMI to Conviction Buy ASMI is a “Conviction Buy” Better recovery than expected for chip sales Strong demand for xEV in Q3; Infineon upgraded to Buy SMIC, next casualty after Huawei?

Tony Lebon

AMS AG : Reduce recommendation on the entire bond curve

We maintain our Reduce recommendation on the two ams unguaranteed convertible bonds (that have been juniorized following the guaranteed straight bonds issue). We also adopt a Reduce recommendation on the two new straight bonds. Our recommendations are underpinned by the following elements: i/ strong customer concentration at ams stand-alone (top customer – Apple in our understanding – representing in the 2017-19 period, between 50% and more than 60% of the group’s revenue, this p...

Tony Lebon

AMS AG : Reduce recommendation on the entire bond curve

We maintain our Reduce recommendation on the two ams unguaranteed convertible bonds (that have been juniorized following the guaranteed straight bonds issue). We also adopt a Reduce recommendation on the two new straight bonds. Our recommendations are underpinned by the following elements: i/ strong customer concentration at ams stand-alone (top customer – Apple in our understanding – representing in the 2017-19 period, between 50% and more than 60% of the group’s revenue, this p...

ams AG: New issuer

Our credit view of ams AG, reflecting its high leverage as a result of its acquisition of Osram, and the related high integration and execution risks.

ams AG: Covenant Quality Pre-Sale Snapshot: €1.0bn: €_m/$_m _% Senior Notes due 2025

ams AG’s (the “Issuer”) covenant package provides upper-tier weak protection (3.55).

Moody's assigns first time Ba3 ratings to ams AG, outlook negative

Rating Action: Moody's assigns first time Ba3 ratings to ams AG, outlook negative. Global Credit Research- 22 Jun 2020. Frankfurt am Main, June 22, 2020-- Moody's Investors Service, has today assigned a Ba3 corporate family rating and Ba3-PD Probability of Default rating to ams AG.

Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 09/23/2020

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Jean-François Granjon

ODDO BHF Small & MIDCAP MORNING NEWS - 23/09/2020

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Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/10/2020

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Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/09/2020

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Emmanuel Matot ...
  • Tony Lebon

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/04/2020

Discussions are underway to devise a methodology that factors in CO2 emissions avoided thanks to insulation products in a possible scope 4. Saint-Gobain harbours greater avoided emissions potential than its rivals, which we value at € 8 per share. In the shorter term, the group is likely to announce an exceptional dividend (Q3), appoint Benoit Bazin as CEO (H1 2021) and revive its underperforming asset divestment programme (2021). (See report published yesterday) - ...

AMS sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of AMS (CH), active in the Semiconductors industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date August 21, 2020, the closing price was CHF 15.55 and its target price was estimated at CHF 9.96.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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