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    ASM   NL0000334118

ASM INTERNATIONAL N.V.

(ASM)
  Report
Real-time Euronext Amsterdam  -  11:36 2022-09-30 am EDT
233.75 EUR   +0.13%
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Risk-off mood hits European shares; U.S.-China tensions weigh

08/02/2022 | 04:41am EDT

* BP boosts dividend after profit hits 14-year high

* Pelosi visits Taiwan despite China warnings

* Semiconductor stocks down

* STOXX down 0.2%; financial services lead losses

Aug 2 (Reuters) - European shares fell on Tuesday as weak global factory data fanned economic slowdown fears, while markets were jittery on simmering U.S.-China tensions over Taiwan.

The pan-European STOXX 600 slipped 0.2%, a day after declining on concerns about a cooling global economy following disappointing euro zone manufacturing activity data.

On Tuesday, U.S. House of Representatives Speaker Nancy Pelosi arrived in Chinese-claimed Taiwan aboard a U.S. military aircraft, the first such visit in 25 years and one that risks pushing relations between Washington and Beijing to a new low.

"After the best month for STOXX 600 in July, European equities are giving back some of those gains to kick off August, suggesting the rally was slightly overdone," said Victoria Scholar, head of investment at Interactive Investor.

"Although Pelosi's visit could create a deeper strain between Beijing and Washington, it is unlikely to result in actual military conflict."

Nonetheless, global markets were jittery, with U.S. stocks struggling for gains and the dollar and gold rallying.

"The fact that the timing coincides with renewed jitters about a recession following yesterday’s downbeat PMI indicators globally, investors are nervous about the possibility of China retaliating with fresh trade restrictions on U.S. imports," said Raffi Boyadjian, lead investment analyst at brokerage XM.

In Europe, miners were among the biggest drags, falling 1.4% amid a drop in commodities' prices as traders rushed to safer assets.

Semiconductor stocks such as ASML Holding, ASM International and BE Semiconductor fell between 1.2% and 2.2%.

Meanwhile, Moody's Investors Service flagged an increased risk of stagflation in European Union countries.

Across European indexes, UK'S FTSE 100 fell the least among European peers thanks to bumper profits from oil giant BP, shares of which firmed 2.8%.

Maersk gained 2.1% after raising its 2022 profit guidance for a second time following a beat in quarterly revenue, as congested supply chains boost freight rates.

Ferrari gained 1.1% after beating earnings forecasts and reporting record orders for the second quarter, prompting the luxury sports car maker to also raise its full-year targets.

Second-quarter earnings for companies that are part of the STOXX 600 are expected to rise 28.1% from a year earlier, according to Refinitiv, slightly higher than estimates of 23.1% from last week. (Reporting by Bansari Mayur Kamdar and Anisha Sircar in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AP MOLLER MAERSK 4.64% 13865 Delayed Quote.-40.87%
ASM INTERNATIONAL N.V. 0.13% 233.75 Real-time Quote.-39.86%
ASML HOLDING N.V. 0.39% 433.6 Real-time Quote.-38.64%
BE SEMICONDUCTOR INDUSTRIES N.V. 1.87% 44.59 Real-time Quote.-40.56%
BP PLC 0.24% 433.1 Delayed Quote.31.04%
BRITISH POUND / US DOLLAR (GBP/USD) 0.00% 1.116 Delayed Quote.-17.43%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.00% 0.7227 Delayed Quote.-7.61%
EURO / US DOLLAR (EUR/USD) 0.01% 0.9801 Delayed Quote.-13.80%
FERRARI N.V. -0.76% 185 Delayed Quote.-28.52%
FTSE 100 0.18% 6893.81 Delayed Quote.-6.65%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.04% 0.01227 Delayed Quote.-8.60%
MOODY'S CORPORATION -1.40% 243.11 Delayed Quote.-36.87%
MSCI TAIWAN (STRD) -1.08% 459.986 Real-time Quote.-37.35%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.00% 0.5594 Delayed Quote.-16.03%
STOXX EUROPE 600(EUR)(TR) 1.30% 893.81 Delayed Quote.-18.65%
All news about ASM INTERNATIONAL N.V.
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Analyst Recommendations on ASM INTERNATIONAL N.V.
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Financials
Sales 2022 2 271 M 2 227 M 2 227 M
Net income 2022 591 M 579 M 579 M
Net cash 2022 680 M 667 M 667 M
P/E ratio 2022 19,2x
Yield 2022 1,23%
Capitalization 11 379 M 11 158 M 11 158 M
EV / Sales 2022 4,71x
EV / Sales 2023 4,07x
Nbr of Employees 3 805
Free-Float 93,3%
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Technical analysis trends ASM INTERNATIONAL N.V.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 15
Last Close Price 233,75 €
Average target price 383,32 €
Spread / Average Target 64,0%
EPS Revisions
Managers and Directors
Gek Lim Loh President & Chief Executive Officer
Paulus Antonius H. Verhagen Chief Financial Officer
Martin C. J. van Pernis Chairman-Supervisory Board
Hichem M’Saad Executive VP & General Manager-Global Product
Stefanie Kahle-Galonske Independent Member-Supervisory Board
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