ASM International N.V : Trajectory remains just as solid, a very attractive valuation (in absolute and relative terms)
>Outperform recommendation reiterated following a road show - We organised a road show event in Geneva with Victor Bareno, head of IR at ASMi. The tone was very positive, on both the short term (no signs of a slowdown) and the long term outlook (continued investment in logic/foundries and exposure to the fastest growing segments in the deposition market). ASMi should continue to benefit from 1/ the increase in production capacity in the industry; 2/ the continuation o...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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