Report
Stephane Houri

ASML : Heightened confidence after the CMD

>We reiterate our Buy recommendation after the 2018 Capital Market Day despite the lukewarm reaction… - Following ASML’s 2018 capital market day, we reiterate our Buy recommendation. The announcements, which we found very positive, only met with a lukewarm reaction. We see three explanations: 1/ the lack of EPS guidance (which had also been the case for the 2020 target given in 2016), with the group explaining that this had been the subject of internal debate but it ...
Underlying
ASML Holding NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Houri

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