事件：下調Q1 Guidance以及在第二季暫停庫藏股買回。
1. Guidance: 因此我們目前預計第一季度收入在24 – 25(24.5e)億歐元之間，毛利率在45%至46%之間。由於上述問題，我們預計第一季度無法確認的收入將轉移到今年第二季度和第三季度，因此股價仍是上漲。
The Q1 outlook has revenue of €3.1-3.3B (32e)and gross margin of 46-47%.
2. 因為交通限制，造成DUV機台無法送達武漢。DUV(深紫外光，28nm) vs EUV(極紫外光，7nm)，First, we have experienced some delays in DUV shipments to Wuhan, China as well as to other customers due to shipment and travel restrictions regarding COVID-19.
3. 因為機台供應鏈的問題造成EUV的出貨遞延，但現在供應鏈問題已經順利解決。
Second, we have experienced some issues in our supply chain, which for now have been solved. Combined with longer than initially planned cycle times for the first NXE:3400C models(EUV) in final configuration, this has resulted in some delays in shipment.
4. 客戶要求先把EUV機台送到客戶的工廠，再進行最後的工廠驗收測試。我們營收認列是在出貨前完成工廠驗收測試，然後認列營收，才送到客戶那，是先驗收，後送貨。但現在因為先送貨，後驗收的狀況導致我們的營收認列將遞延。
5. Demand : CEO : ASML President and CEO Peter Wennink: “Until now the COVID-19 outbreak has had limited impact on ASML’s manufacturing capability. Also, from a customer point of view, we have not seen a reduction in the demand for our systems this year. 從客戶的觀點，沒有看到需求減弱，今年的機台訂單，一台都沒有減少。
6. 根據分析師預估，今年下修後的EPS仍有7.7元，YOY 26%，目前PE 30倍，評價不算貴。
news
number
沒有留言:
張貼留言