Report
Frederic Yoboue

BE Semiconductor | BUY, EUR37.9 |Despite current headwinds, Besi is too cheap

Since the release of its Q1 earnings in April, and before the cancellation of an order in early June, Besi’s stock price collapsed by around 40%. During that period, there was no company-specific events. This abrupt change in valuation is mainly due to a significant derating compared to its peers.
Underlyings
BE Semiconductor Industries N.V.

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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