ASML : Good visibility in the short and long term, a shade more limited on 2021...
>Buy recommendation maintained after a back to school update - After a back to school update with ASML, we confirm our Buy recommendation. Granted, a number of elements (Intel’s failure on 7nm, the tightening of the US ban on Huawei, recent US attempts to block SMIC) have reduced visibility in the equipment makers segment in general. However, over and above this disruption which could lead to movements in market share amongst ASML’s clients and therefore raise questio...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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