ASML : Even if Q4 2019 were to fall short of the targeted level, the EUV-based structural growth story is materialising – Buy recommendation maintained
>Buy recommendation and investment case maintained following Q2 2019 - Based on ASML’s Q2 2019 earnings (ahead of expectations with very strong orders thanks to the 10 EUV systems booked), we are standing by our Buy recommendation. Link to our initial comment yesterdayDespite the Q3 2019 guidance falling short of forecasts and a fairly negative message on the memory segment, vigorous sales in logic chips, thanks to the ramp-up of the EUV systems in H2, are reassu...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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