ASML : Spending will clearly be required in order to capitalise on this exceptional growth potential
>Outperform reiterated, estimates more or less unchanged, target price € 800 - ASML yesterday reported Q4 2022 results that beat expectations (Link to our First Take). At the conference call, discussions focused on 1/ the very positive guidance for 2023 (growth > 25%) and the issue of deferred revenues, 2/ confirmation of the excellent outlook, despite the recession and confirmation of the longer-term prospects due to the continued execution of the technology road map...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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