ASML : Thank you, China …!
>A slump in orders but the adjustment should be short lived and does not impact the structural story. Outperform rating maintained - ASML yesterday reported better-than-expected Q1 2023 results, reiterated its 2023 guidance for growth of over 25%, but disappointed on the level of orders of € 3.8bn vs a consensus of € 5.6bn. The stock shed over 3% on concerns of extended order weakness that could also impact on 2024. But we remain optimistic and think that these adjus...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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