December 5, 2021

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Slotcall: Cijfers ASMI

Closing call: ASMI numbers | IEX.nl

AEX (+0.5%) managed to close higher after a flat day in the middle of earnings season. AMX (+ 0.7%) Share gently.

Only the small caps of AScX (-0.5%) failed to raise the index above yesterday’s closing price. A lump on the leg is also wax CTP (-6.8%), which is downwardly anomalous. The market reacts to the acquisition of Deutsche Industrie REIT. The receipt says 800 million euros.

Markets around the world were strong today. For example, the Germans (+1.1%) and the French (+0.9%) have performed satisfactorily, and Wall Street is still in the green at the moment. American Consumer Confidence is the most important economy in the United States today, and this number in turn provides confidence.

Economists had expected consumer confidence to decline from 109.8 in September to 108.3 this month. Instead, consumer confidence rose to 113.8 in October. So a stroke of luck.

ASMI numbers

ASMI just released its third-quarter numbers. Turnover increased by 38% to €432 million, which is better than the €400-430 million that the company had previously relied on. Operating margin was 47.2% and order flow was 624.5 million euros. The flow of orders is therefore reasonably in line with its own expectations, because the management has assumed more than 600 million euros.

However, it is very important to look at the future outlook with shredders. ASMI forecasts turnover of between 470 and 500 million euros for the fourth quarter. This is reasonably in line with ING’s estimates, as the lead bank relied on a turnover of €484 million. However, the consensus was €456 million, so the outlook is definitely better than expected.

It is hard to estimate whether that will be enough for tomorrow morning plus. ASMI is the best-performing stock within AEX this year with a profit of 96%. So there is all the necessary good news in stock. The stock is currently trading at 29 times the expected 2022 earnings (Niels Koerts).

Galapagos favored by hedge funds

Galapagos (+3.4%) It has been more popular in the stock market in recent days. Although temporary price fluctuations are often unexplainable, there is a reason this time around for the current price increase for the Millshell-based group,” wrote IEX analyst Martin Krumm. shoot it all 13F filings He’s looking for interesting shifts in interests, among other things, in hedge funds.”

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“smallest 13F filings Show that there is a growing number of hedge funds, 23 at the moment, that are seeing bread in the Galapagos. On the last deposit, the counter was still at 20. Although Galapagos is not one of the thirty most popular stocks in hedge funds, the increase in the number of portfolios has been staggering.”

Facebook keeps the damage limited

The market was eagerly awaiting the release of the third quarter figures Facebook social networking site (-3.2%), because it will now become clear how much the Apple software update will negatively affect the results of the social media platform,” wrote analyst Nils Quarts. But where Snap has had a lot of trouble with this before and made a big slide in the stock market, it wasn’t bad in Facebook.

“The exact story is that Facebook has already been affected by this software update, but the damage is not as much to be feared. Third-quarter revenue rose 35% to $29.0 billion. That is less than the $29.5 billion the market has been relying on.” You can read Koerts’ full analysis below.

EPOSCO is valued as a growing company

I look for (-4%) The absolute origin of damarisk. The electric bus product is a solid growth story, but it’s also listed as such,” IEX analyst Martin Crum wrote in an analysis of his new Ebusco brand. It points to the high price of the 88-year FY22 forward.

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So it is a growing company. Thus, investors will not have to rely on dividends in the coming years, and the group has already announced that it will issue another issue in 2023. This makes the stake unsuitable for every investor.

Strong growth expected for Besi from 2022

Third quarter numbers iron (+0.7%) In line with expectations, but the short-term outlook is somewhat disappointing. This could cause some price pressure, according to a tech stock expert. However, the rosy long-term outlook has not changed. Combined with a strong market position, balance sheet and compelling management, this gives confidence,” says Weitling in his analysis of Besi.

“I read between the lines that quarterly growth can be expected from the first quarter and that there is a lot of enthusiasm for hybrid interconnection. Besi is increasing production capacity for this technology significantly. The increasing importance of the top-of-the-line chip assembly is underlined by Intel’s move to build an assembly plant. in the United States “. So strong growth is expected from 2022.

annuities

The Dutch ten-year interest rate drops by one basis point to 0.01%.

wide market

  • AEX (+0.5%) performed less well today than France (+0.9%) and Germany (+1.1%).
  • The CBOE VIX (volatility) index rose 0.4% to 15.4 points.
  • Wall Street Rise: Standard & Poor’s 500 (+0.5%), Dow Jones (+0.4%) and Nasdaq (+0.6%).
  • The euro fell 0.2 percent to 1.159 against the dollar.
  • Gold (-1%) and silver (-2.2%) are declining.
  • Oil: WTI (+1.4%) and Brent (+0.9%) are also on the rise. The proportion of natural gas increased by at least 14.2%.
  • Bitcoin (-0.4%) is falling.
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Aldmarq:

  • Coincidence (-0.1%) went shopping in Texas. The energy giant is back home with 248 gas stations in Texas.
  • Global steel production fell 8.9% year-on-year in September. Until now Arcelor Metal (+3.2%) Had a great day at the stock exchange today.
  • Few or no surprises with the quarterly numbers KPN (-0.8%)”, says Peter Schott in his new analysis for KPN. The stock remains a good dividend value. “The 5% to 5.5% dividend yield is, of course, better than a savings account and easier to earn than renting a house.”
  • PostNL (+1.4%) Likely to have posted a lower normal operating profit with slightly higher sales in the third quarter. This is evidenced by the consensus of analysts of the postal company itself, based on estimates of 10 analysts.
  • Peter Schott also took over Verildiv (+1.7%) Rechecked. “Wereldha passed the third quarter better than expected. The stake certainly presents opportunities for a good return, but the future remains uncertain.”
  • NSI (+0.6%) entered into an unconditional agreement to sell its stake in the Zuidplein Shopping Center in Rotterdam.

Advice

  • ASML: to €860 from €680 and buy – Norddeutsche Landesbank
  • Besi: up to €90 from €80 and buy – InsingerGilissen
  • Vopak: to 51 euros from 55 euros and buy – ING
  • ABN Amro: to €15.60 from €13.70 – Barclays
  • ING: to €15.40 from €15.30 and buy – Kepler Cheuvreux
  • ING: to €15.50 from €12 and buy – Keefe Bruyette & Woods
  • ING: to 10 euros from 9 euros and sale – Barclays

Agenda for Wednesday, October 27, 2021

08:00 Consumer Confidence – November (Germany)
10:00 Money Show – September (Euro)
13:00 Mortgage Applications – Weekly (US)
14:30 Durable Goods Orders – September (US)

16:30 Oil Inventories – Weekly (US)

Coin Grooters is the IEX editor. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments. click here For an overview of IEX editors’ investments.