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VACN - VAT AG News Story

CHF247.8 -8.2  -3.2%

Last Trade - 2:04pm

Sector
Industrials
Size
Large Cap
Market Cap £6.03bn
Enterprise Value £6.14bn
Revenue £544.2m
Position in Universe 157th / 1051

BUZZ-VAT Group: Set to open lower after JPM's cut

Wed 26th August, 2020 7:59am
** Shares in VAT Group  VACN.S  are down 1.5% in Julius Baer
premarket trade after JP Morgan cuts the company to
"underweight" from "neutral"
    * According to the broker, the recent news indicates that
the memory market, VAT's main end market, is cooling 
    * The broker notes that DRAM (dynamic random access memory)
and NAND flash memory spot pricing continues to decline as a
function of the weaker cloud demand or over-supply
    * Given the slowing market and a potentially stagnating
order momentum in the near-term, the significant premium vs
peers which VAT trades at is an issue, the broker says  
    * "Even if the market were to improve, with the premium
valuation of this stock, investors would better benefit from
future end market momentum in other stocks," it adds
     
    

    

 ((Linda.pasquini@thomsonreuters.com))
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