BE Semiconductor Industries : We were not surprised by the new target of € 1bn+ (nor was the market), but it is no less ambitious and positive
>New target of € 1bn+ vs € 800m, the ‘+’ indicating upside - At its analysts’ presentation, BESI’s management updated its guidance and is now targeting sales of € 1bn+ vs € 800m previously. We cannot say that we were surprised, and nor can the market, with the stock ending the day up +0.67%. When we upgraded our rating on the stock (FR/ EN), this was one of the arguments that we had put forward, with management making little secret of its intention to update its guida...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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