ASML, ASM International Expected to Benefit from Recovery in Chinese Demand
Dow Jones
Sep 25
1041 GMT - Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International could benefit from a recovery in demand from China in the second half, Bank of America's Didier Scemama writes in a research note. He says an analysis of Chinese import data of lithography equipment points to a material recovery in demand. Scemama estimates ASML's China sales between 2.5 billion euros and 3 billion euros in the third quarter and between about 4 billion euros and 4.5 billion euros in the fourth quarter, up from 919 million euros in the second quarter. He also says the odds that ASM International raises its second-half China revenue guidance have increased. ASML shares trade 2.4% higher at 1,539.60 euros, while ASM International shares are up 1% at 841.60 euros.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.