ASM International N.V : Continuing the excellent momentum – Buy rating maintained – target price raised to € 125 (vs € 120)
>Orders substantially higher than forecast, revenues slightly better - ASMi yesterday evening indicated, based on better-than-expected market conditions, that order intake in Q4 2019 had slightly exceeded € 370m, which is well ahead of the € 290/310m range that ASMI had forecast at the time of its Q3 2019 results release on 30 October 2019. Based on the preliminary figures, Q4 2019 revenues slightly exceeded the upper end of the € 310/330m range targeted. These figure...ASM International is an equipment supplier mainly to the semiconductor manufacturing industry. Co. designs, manufactures and sells equipment and services to its customers for the production of semiconductor devices, or integrated circuits. Co.'s front-end segment manufactures and sells equipment used in wafer processing, encompassing the fabrication steps in which silicon wafers are layered with semiconductor devices. Co.'s back-end segment manufactures and sells equipment and materials used in assembly and packaging, encompassing the processes in which silicon wafers are separated into individual circuits and subsequently assembled, packaged and tested.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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