Report
Stephane Houri

ASML : L’industrialisation de l’EUV s’accélère – Opinion Achat maintenue malgré la très bonne performance du titre sur l’année

>Opinion Achat maintenue après la publication du T3 2019 - À la suite de la publication des résultats T3 2019 (en ligne, mais avec des commandes historiquement élevées et à forte connotation EUV), nous réitérons notre opinion Achat. (Lien vers notre réaction initiale). En effet, malgré des prévisions de livraisons de systèmes EUV abaissées sur 2019/20 en raison de difficultés dans la supply chain et un message encore incertain sur le point de redémarrage de la Mémoire...
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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