Market Wrap - Stock pick — ASML
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Caroline Cremen from Adviceworx chose ASML as her stock pick of the day
"My stockpit is ASML, it's a Dutch company that has 85% of the market share in providing tools for making computer chips. They edge circuits onto semiconductors and it has a return an equity of 24% and a price earnings ratio of 35%, so it's not demanding if you look at other technology companies. ASML is also the only provider of extreme ultraviolet lithography which will be used in next generation chips in all smartphones etc. The market for that is expected to grow by 25% per annum for the next few years, so in addition to having a very good current business, it has very good growth potential as well."
"My stockpit is ASML, it's a Dutch company that has 85% of the market share in providing tools for making computer chips. They edge circuits onto semiconductors and it has a return an equity of 24% and a price earnings ratio of 35%, so it's not demanding if you look at other technology companies. ASML is also the only provider of extreme ultraviolet lithography which will be used in next generation chips in all smartphones etc. The market for that is expected to grow by 25% per annum for the next few years, so in addition to having a very good current business, it has very good growth potential as well."
