ASML: Oddo's best pick in sector
(CercleFinance.com) - World semiconductor sales for August 2021 were published at the weekend by the World Semiconductor Trade Statistics (WSTS).
In smoothed data (3-month moving averages), they come out at 47.2 billion dollars, slightly higher than Oddo's forecast of 46.7 billion dollars.
This represents an acceleration in annual growth to +29.7%, from +29.6% in July. On a sequential basis, sales increased by 9.2% vs. a 20-year average of +6.2% in August, which is clearly above average seasonality, the analyst said.
With this publication, analysts confirm their forecast of market growth of close to 25% and potentially even slightly more, after 7% in 2020, the broker adds.
The analyst favours stocks that have their own drivers or which are exposed to structural growth trends, notably OEMs (ASML, ASMi and now BESI) which will continue to benefit from technology spending.
The ASML share is currently down just under 0.5%, although is outperforming the market in Amserdam slightly (-0.75%).
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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 (3-month moving averages), they come out at 47.2 billion dollars, slightly higher than Oddo's forecast of 46.7 billion dollars.
This represents an acceleration in annual growth to +29.7%, from +29.6% in July. On a sequential basis, sales increased by 9.2% vs. a 20-year average of +6.2% in August, which is clearly above average seasonality, the analyst said.
With this publication, analysts confirm their forecast of market growth of close to 25% and potentially even slightly more, after 7% in 2020, the broker adds.
The analyst favours stocks that have their own drivers or which are exposed to structural growth trends, notably OEMs (ASML, ASMi and now BESI) which will continue to benefit from technology spending.
The ASML share is currently down just under 0.5%, although is outperforming the market in Amserdam slightly (-0.75%).
Copyright (c) 2021 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.