ASML : Soft patch in H1 2019, but our structurally positive investment case not undermined
>Buy recommendation reiterated despite soft patch in H1 2019 - Following the Q4 2018 earnings release and lower-than-expected guidance for Q1 2019, we reiterate our Buy recommendation. Link to yesterday's comment for further details Business is expected to be weak in H1 2019, particularly in the first quarter, partly due to the impact of the fire at supplier Prodrive (€ 300m, as expected, much of which should be made up in Q2 2019) and also because certain client...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.