Bryan Garnier - BE SEMICONDUCTOR (BSIB) ... BE SEMICONDUCTOR - BUY vs.NEUTRAL | EUR27 vs. EUR28.5 (+71%) Recovery is under way

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Bryan Garnier

Frederic Yoboue

BE SEMICONDUCTOR - BUY vs.NEUTRAL | EUR27 vs. EUR28.5 (+71%) Recovery is under way

BE SEMICONDUCTOR - BUY vs.NEUTRAL | EUR27 vs. EUR28.5 (+71%)
Recovery is under way

The assembly market is expected to be down in 2019
Besi is preparing for the next round of investments
The worst seems behind us and valuation is not demanding

26/10/2018 4 EN

Underlyings

BE SEMICONDUCTOR

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BE Semiconductor Industries N.V.

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NL0000339760 Netherlands

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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.

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Analysts

Frederic Yoboue

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BE SEMICONDUCTOR - BUY vs.NEUTRAL | EUR27 vs. EUR28.5 (+71%) Recovery is under way

Autos & Industrials, AI re-platforming, HBM, Tesla, Intel, LAM, and more. Our weekly wrap-up.

BE Semiconductor Industries N.V: 1 director

Besi 1Q25 QT: further push-out in mainstream; hybrid bonding adoption on track. Long-term thesis intact.

Fielmann: margin potential unleashed

Fielmann: strong margin delivery in Q1 2025

Lhyfe: EUR53m debt financing

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