VAT AG - hidden gem within uptrendVAT reported a decline in sales of 35% y/y and 14% Q/Q to CHF 128 million for Q1-19. Although order intake had also fallen compared to the previous quarter, the reported level and the sales target for Q219 would indicate a sideways trend in sales figures for Q2 19. Stock levels at equipment manufacturers appear to have normalised, as the items removed from consignment stocks appear to correspond to OEM equipment production levels. Although it is difficult to speak of reaching the bottom of the cycle when forecasting reliability is so low, especially on the storage market, the analyst believes that the stabilization of sales and the book-to-bill ratio are signs that the bottom is at least temporary. In addition VAT reported signs of renewed demand from OLED markets (for both larger and smaller panels), and projects for 2019 would emerge. Further market share gains likely. The development of new equipment for the 5nm node and next generation storage technology would continue despite the downturn. VAT reports numerous order wins in both semiconductor and display equipment. Based on the quarterly results, the analyst revised his sales for the business year 2019 down 4% and raised his sales forecasts for the business year 20/21E by 3% and 7% respectively. Due to various cost adjustment measures (lean manufacturing, relocation to Malaysia, implementation of an ERP, etc. ) and supply chain optimization, the analyst expects EBITDA margins to rise rapidly during the upswing. While Foeth reduced his EPS for the business year 2019 by 13%, he increased his estimates for the business year 2020/2021 by 8% and 12% respectively.
19V trade ideas
VAT AG - within accumulation areaVat ag is currently in the sideways phase and within a triangle. if the price does not break below the triangle within the next few days I will open a long position and take profits from 105. Brakeout below triangle and I will open a short Position with take profit at 84,50. The price won't fall under this line because VAT is between 88-90 fair valued and a great company with more than good business results.
VAT update - Hidden Gem in uptrendHey guys, After VAT has come into the expected buying zone due to the correction, a new upward trend is starting now. I expect the first real resistance with a at 144-148 CHF followed by a small correction. The reason for the correction (double bottom at 118 CHF) from 170 CHF to 120 CHF was, on the one hand, the short-time work registered by VAT and, on the other hand, the unscrewing of the annual targets. But you should not forget the more than above-average results and fulfilled expectations from the last years. VAT is still the market leader in his business area and now again on track. RSI and MACD are very bullish which are good indicators.
VAT Group AG - Hidden GemHey guys, today I would like to update my first VAT group AG analyze. The cup and handle formation is unfortunately broken. Currently, a shoulder-head-shoulder formation has formed. The volume is getting lower which is currently dangerous, it looks for me like a correction to 100 € to 105 € line, here can be bought for the long term because there is very strong support.
VAT Group AG - Hidden GemHey guys,
a cup and a handle have been formed, vat group is hardly known and market leader in its sector. I have been with VAT since November 2017 and meanwhile know the company very well. Recently, a very wealthy Swiss investor has invested heavily near the all-time high. The VAT is one share for the next 10-15 years.
Target price for August --> 140 - 145 €
