ASML : The question is not whether there will be a recovery, but its timing and pace
>The short-term outlook is uncertain, but ASML’s exceptional positioning allows it to weather the slump. Outperform rating reiterated - ASML yesterday reported Q2 2023 results that exceeded expectations, improved orders, and upped its 2023 growth guidance (to +30% vs ‘at least 25%’). However, due to a somewhat ‘deceptive’ guidance increase, a cautious message on the coming months, casting doubt on the potential rate of growth in 2024, and the downward revision to the ...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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