Report
Frederic Yoboue

BE SEMICONDUCTOR: Besi seems fairly valued in the current environment | NEUTRAL vs. BUY | EUR23 vs. EUR27

BE SEMICONDUCTOR - NEUTRAL vs. BUY | EUR23 vs. EUR27 (+2%)
Besi seems fairly valued in the current environment

Assembly market to decrease by 12.5% in 2019
Slowing investment in China, but relatively low impact on Besi
Profitability level to remain solid going forward
Underlying
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Frederic Yoboue

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