ASML: remains Oddo's best pick in sector
(CercleFinance.com) - Last night July 2020 global semiconductor sales were released by the WSTS (World Semiconductor Trade Statistics).
In smoothed data (3 month Moving Averages), they came in at 35.2 billion dollars, above Oddo's forecast of 34.6 billion dollars.
Annual growth reaches 4.9%, equivalent to that of June. Volumes were down 1.9% (vs. -2.8% in April), while prices rose by 7.1% (vs. +7.9%).
Oddo says that ASML remains its top pick in the sector. It remains cautious about its exposure to the automobile sector, particularly for Infineon, which has a 45% exposure to the car market and company exposure to Huawei (STMicroelectronics).
Amongst Midcaps, the broker has buy ratings on ASMi, Soitec, Dialog, ams, Siltronic and Aixtron, while it is cautious about Elmos.
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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 came in at 35.2 billion dollars, above Oddo's forecast of 34.6 billion dollars.
Annual growth reaches 4.9%, equivalent to that of June. Volumes were down 1.9% (vs. -2.8% in April), while prices rose by 7.1% (vs. +7.9%).
Oddo says that ASML remains its top pick in the sector. It remains cautious about its exposure to the automobile sector, particularly for Infineon, which has a 45% exposure to the car market and company exposure to Huawei (STMicroelectronics).
Amongst Midcaps, the broker has buy ratings on ASMi, Soitec, Dialog, ams, Siltronic and Aixtron, while it is cautious about Elmos.
Copyright (c) 2020 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.