Siltronic AG : Paradoxically, the failure of GW’s offer could free up upside
>We have raised our rating to Outperform vs Neutral - As the deadline of 31 January 2022 gets closer, GlobalWafers’ offer for Siltronic looks increasingly likely to fail. Confirmation of this news could be seen as negative. And yet, paradoxically, we think that the group is worth over € 145 on a standalone basis, given the improvement in silicon market fundamentals, which is reflected in the massive forecast upgrades (+55%) since the offer price was set a year ago. On...Siltronic AG is a Germany-based producer of hyperpure silicon wafers. The Company offers polished wafers, epitaxial wafers and annealed wafers, among others. Its products are used for semiconductor components, including high-voltage applications, low resistivity devices in automotive engineering and telecommunications, as well as integrated microprocessors and memory modules for information processing in cell phones, laptops and other consumer goods. The Company also produces high reflectivity (HiREF) wafers, as well as PowerFZ wafers for power applications and Ultimate Silicon for complementary metal-oxide semiconductor (CMOS) applications. It operates production facilities in Europe, Asia and the United States.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.