BE Semiconductor Industries : Momentum becomes more favourable
>Outperform recommendation and € 160 target price maintained - Despite guidance for Q4 that was weaker than expected (linked to delays to the delivery of HB systems), BESI's share price gained 6% yesterday. Whilst we have revised down our EPS 2024 estimates by 6%, these delays were solely linked to logistics issues and were not structural in nature, hence the lack of any revision to our 2025 forecasts. Aside from this element, it is the doubling of clean-room capaci...BE Semiconductor Industries N.V. (Besi) is a holding company. The Company is engaged in the development, manufacturing, marketing, sales and service of semiconductor assembly equipment for the global semiconductor and electronics industries. It operates through three segments: Die Attach, Packaging and Plating. It develops assembly processes and equipment for leadframe, substrate and wafer level packaging applications in a range of end user markets, including electronics, computer, automotive, industrial and solar energy. The Company offers products, such as Die attach equipment, which include single chip, multi-chip, multi module, flip chip, thermo-compression bonding (TCB) and enhanced wafer level ball grid array (eWLB) die bonding systems, and die sorting systems; Packaging equipment, which include wafer level molding and singulation systems, and Plating equipment, which include metal plating systems and related process chemicals.
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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