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Martin Marandon-Carlhian ...
  • Stephane Houri

VAT Group AG : Le point bas est identifié, le momentum peut s’accélérer

>Opinion Surperformance, OC ajusté à 390 CHF (vs 400 CHF) - Le titre était stable hier (-0.4%) malgré des commandes inférieures aux attentes, selon nous en raison d’une identification plus claire du timing et de l’ampleur du point bas. Le ralentissement de la baisse séquentielle du CA et l’anticipation d’une reprise progressive des commandes dès le T2 confirment en effet que le point bas se situera bien au S1. Dans le même temps, VAT a eu un ton confiant sur le S2 et ...
Underlying
VAT Group AG

VAT Group AG is a Switzerland-based company engaged in the manufacture of industrial valves. The Company focuses on designing and producing vacuum valves for semiconductor, display and solar panel manufacturing, as well as for a range of industry and research applications. Its activities are divided into three business areas: Valves, Global Services and Industry. The Valves division provides isolation, control and transfer valves used in vacuum-based manufacturing processes. The Global Services area offers advisory and after sales services, such as trainings, equipment repair and overhaul, valve upgrade and spare parts sale. The Industry segment manufactures and markets welded bellows, machine parts, mechanical components and assemblies. The Company operates worldwide.

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
Martin Marandon-Carlhian

Stephane Houri

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