ASML: Oddo confirms its preference
(CercleFinance.com) - October 2019's global semiconductor sales were released last night by the World Semiconductor Trade Statistics (WSTS).
In smoothed data (MM3 - 3-month moving average), they reached 36.6 billion dollars, above Oddo's forecast of 35 billion dollars.
This represents an improvement from September, as the decline in annual data improved from -14.6% in September to -13.1% in October. Sequentially, sales rose 2.9%, the broker notes.
Oddo confirms its preference for ASML, a history of structural dominance (with 90% market share in lithography; 100% in EUV).
STM has proven its ability to protect its margins and has its own growth levers (Apple, Tesla and others), it adds.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In smoothed data (MM3 - 3-month moving average), they reached 36.6 billion dollars, above Oddo's forecast of 35 billion dollars.
This represents an improvement from September, as the decline in annual data improved from -14.6% in September to -13.1% in October. Sequentially, sales rose 2.9%, the broker notes.
Oddo confirms its preference for ASML, a history of structural dominance (with 90% market share in lithography; 100% in EUV).
STM has proven its ability to protect its margins and has its own growth levers (Apple, Tesla and others), it adds.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.