KBC starts Aalberts with 'accumulate' on semiconductor growth potential

Aalberts

09/07/2024 10:31

** The semiconductor end-market holds the highest organic
growth potential for Dutch industrial group Aalberts  AALB.AS ,
KBC Securities says as it initiates the stock with "accumulate"
    ** Aalberts' competencies in the semiconductor market make
it a trusted manufacturer for large customers such as ASML
 ASML.AS , the broker says
    ** "The Advanced Mechatronics business unit has 90-95%
exposure to the semicon end market and as such holds the highest
organic growth potential for the group" - KBC
    ** It adds Aalberts' strong track record and focus on
optimisation should continue to support growth, even if 2024 is
set to be a transition year due to unsupportive end-markets
    ** Out of eight analysts that cover Aalberts, four rate the
stock "strong buy" or "buy", ​three "hold" and one "sell"

 (Reporting by Gianluca Lo Nostro)
 ((gianluca.lonostro@thomsonreuters.com))