Report
Stephane Houri

Siltronic AG : Post T3 2019 nous relevons de notre OC à 70 €

>Nous maintenons notre opinion Neutre suite à la publication du T3. Trop tôt pour redevenir plus positif… - Suite à la publication de résultats du T3 2019 légèrement supérieurs aux attentes et avec une confirmation des guidances 2019, nous réitérons notre opinion Neutre. Malgré cette bonne publication, nous considérons qu’il est encore trop tôt pour anticiper une reprise sur le marché des wafers, le marché de semi-conducteurs montrant à peine quelques premiers signes...
Underlying
Siltronic AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Houri

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