ASML : Despite uncertainty on memory, ASML remains a structural growth story and one of unequalled technological domination...
>We reiterate our Buy recommendation after a road show with the group in Paris - Following a road show in Paris with Marcel Kemp (head of investor relations Europe at ASML), we reiterate our Buy recommendation with a target price of € 215. Our target price is still an average of a DCF (€ 205) and a valuation resulting from the application of 25x profits to our 2025e EPS (€ 15.5), i.e. € 390, which gives a present-day value of € 225. Our investment case remains un...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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