Report
Stephane Houri

ASML : Positive rating maintained, even at this level, in view of the structural story of technological domination that continues to hold

>Buy rating maintained following conference call with positive tone - Following a conference call with Marcel Kemp (head of IR Europe), we are standing by our Buy rating. The tone was particularly positive and confident in our view. The group confirmed the messages conveyed at the time of the Q1 2020 release (a month ago), with: 1/ still-brisk logic/foundry demand; 2/ a limited impact from the COVID-19 crisis; and 3/ further convincing indications of the upturn in the...
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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