ASML : After Q3 2018, all eyes on 8 November investor day
>Buy recommendation reiterated, CMD to look to 2025 - Following the Q3 2018 earnings release and, once again, higher-than-expected guidance for the Q4 2018 gross margin, we are still at Buy. Link to initial comment. The positive investment case is intact, based on: 1/ a story of unique technological dominance in the industry with 90% market share in lithography (100% in extreme ultra violet, or EUV); 2/ the capacity to ride out a large part of cycles on the back ...ASML Holding provides lithography systems for the semiconductor industry, manufacturing machines that are used in the production of integrated circuits or chips. Co. develops, produces, markets, sells and services advanced semiconductor equipment systems exclusively consisting of lithography systems. Co. sells its products to micro-processor manufacturers and Foundries, NAND-Flash memory and DRAM memory chipmakers. Co.'s products line includes the following: PAS 5000 lithography systems, which Co. no longer manufactures but continues to refurbish; PAS 5500 products; TWINSCAN DUV systems and TWINSCAN EUV systems based on a new platform utilizing the concepts of the TWINSCAN platform.
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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