Tag: Jump

14
Oct
2020
Posted in technology

ASML signals double-digit annual growth as quarterly sales jump

AMSTERDAM (Reuters) – Semiconductor equipment maker ASML Holding NV ASML.AS on Wednesday posted a better-than-expected quarterly earnings and forecast a double-digit growth for next year on strong end-demand for electronics devices.

FILE PHOTO: ASML Holding logo is seen at company’s headquarters in Eindhoven, Netherlands, Januari 23, 2019. REUTERS/Eva Plevier

The company reported sales of 3.96 billion euros ($4.65 billion) in the third quarter ended Sept. 30, ahead of analyst estimates of 3.7 billion euros, and a net profit of 1.06 billion euros. In the third quarter of 2019, ASML reported net profit of 627 million euros and sales of 3 billion euros.

ASML Chief Financial Officer Roger Dassen forecast sales of 3.7 billion euros in the fourth quarter and said the company expected “low double digit” growth in 2021.

ASML has a near monopoly on lithography systems, enormous machines that can cost up to $200 million each and play a vital role in the manufacture of computer chips, mapping out their circuitry.

ASML’s customers include major chipmakers, notably global market leader Taiwan Semiconductor Manufacturing Co Ltd 2330.TW, followed by Samsung Electronics Co Ltd 005930.KS and Intel Corp INTC.O.

Although ASML’s financial performance has not yet been hurt by U.S.-China tensions, it could be affected by a split in the supply lines for semiconductor production, which is highly integrated globally.

The Dutch company had already halted plans to sell its most advanced equipment to China after the U.S. government pressured the Netherlands not to grant export licenses under “dual use” military applications.

Last month, Washington asked U.S. equipment makers to seek a license to ship any equipment to SMIC, China’s oldest and biggest computer chipmaker, over military concerns.

The new U.S. trade curbs on SMIC mean ASML must now apply for a license to sell even older-generation equipment to

07
Oct
2020
Posted in technology

Samsung Flags Near-60% Operating Profit Jump After Huawei Boost

Samsung Electronics flagged a leap of nearly 60 percent in third-quarter operating profits Thursday, as its mobile and chip business were boosted by US sanctions against its Chinese rival Huawei.

The South Korean tech giant said in an earnings estimate that it expected operating profit to reach 12.3 trillion won ($10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.

The prediction would represent the firm’s biggest operating profit of any quarter for two years and was also ahead of analyst forecasts.

Samsung Electronics is crucial to South Korea’s economic health. It is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled conglomerates known as chaebols that dominate business in the world’s 12th-largest economy.

Its overall turnover is equivalent to a fifth of the country’s gross domestic product.

James Kang, senior analyst at Euromonitor International Korea, said Samsung’s rollout of its latest premium handset devices — the Galaxy Note 20 and the Galaxy Z Fold 2 — in August, coupled with strong sales of mid-range phones, led the firm’s third-quarter performance.

A Washington ban on foreign companies providing Huawei with US-origin technology, that came into effect on September 15 — cutting off essential supplies of semiconductors and software needed for making smartphones and 5G equipment — also provided a boost.

Kang Min-soo, an analyst at Counterpoint Research, said US sanctions against Huawei were becoming “a big factor” affecting the global smartphone market.

“For Samsung, it will be a good opportunity to increase market share in Europe, where it has been competing with Huawei in various price bands,” he added.

The firm’s memory business also benefited from the feud after Huawei rushed to stock up on Samsung-made semiconductors before the US restrictions kicked in.

“Huawei has stocked about

07
Oct
2020
Posted in technology

Samsung Electronics Flags 58.1% Jump In Q3 Operating Profit

Samsung Electronics flagged a nearly 60 percent rise in third-quarter operating profits Thursday, largely driven by strong smartphone sales boosted by US sanctions against its rival Huawei.

The South Korean tech giant said in an earnings estimate that it expected operating profit to be 12.3 trillion won ($10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.

The prediction was in line with analyst forecasts.

Samsung was projected to post around 10.3 trillion won ($8.9 billion) in third-quarter operating profit, according to market researcher FnGuide.

Samsung Electronics is crucial to South Korea’s economic health. It is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled conglomerates known as chaebols that dominate business in the world’s 12th-largest economy.

Its overall turnover is equivalent to a fifth of the country’s gross domestic product.

Analysts say the firm’s strong third-quarter performance was largely led by its mobile business, which enjoyed a boost from US sanctions on Huawei.

A Washington ban on foreign companies providing Huawei with US-origin technology came into effect on September 15, cutting off essential supplies of semiconductors and software needed for making smartphones and 5G equipment.

Samsung Electronics is crucial to South Korea's economic health Samsung Electronics is crucial to South Korea’s economic health Photo: AFP / Jung Yeon-je

Kang Min-soo, an analyst at Counterpoint Research, said US sanctions against Huawei were becoming “a big factor” affecting the global smartphone market.

“For Samsung, it will be a good opportunity to increase market share in Europe, where it has been competing with Huawei in various price bands,” he added.

Looking forward, analysts said falling chip prices could put a damper on Samsung’s performance in the final quarter of the year.

Samsung is the world’s biggest manufacturer of memory chips and led the DRAM market with 43.5-percent share

05
Oct
2020
Posted in technology

McDonald’s will jump 12% as some consumers are ‘tired of their own cooking,’ BofA says

  • Bank of America raised its McDonald’s price target to $250 per share from $225 per share, citing consumers who are “tired of their own cooking” and flocking to fast food drive-thrus. 
  • In a note on Monday a team of BofA analysts also raised their McDonald’s earnings estimates for next year.
  • The analysts added that the fast food giant’s partnership with Travis Scott demonstrated its ability to launch well thought-out, minimally complex strategies.

Bank of America reiterated its “buy” rating for McDonald’s and raised its price objective to $250 per share from $225 on Monday. BofA also raised its 2021E earnings-per-share estimate for McDonald’s up to $8.30 from $8.20 on “better sales expectations.” 

“The quick service segment as a whole has seen greater demand during COVID-19 than pre-pandemic as consumers [grew] tired of their own cooking and leaned into drive-thru and off-premise for engagement with restaurants,” a team of BofA analysts said on Monday. 

The analysts pointed out that the fast food giant’s sales underperformed some of its domestic peers’ because of pressure in its international franchises — many restaurants overseas lack drive-thrus, and foot-traffic during the pandemic was low. However, they added: “A sharp recovery for MCD int’l in July encouraged us that the company can largely offset challenges in certain int’l markets with solid current U.S. performance.” 

Read more: Danton Goei has put more than $1 million into his own international fund, which is beating 97% of its peers year-to-date. The trilingual portfolio manager shares where he is seeing buying opportunities as US-China tensions heat up.

Bank of America also noted that the restauarnt’s recent partnership with rapper Travis Scott demonstrated that its strategies are “well thought out to build-long term traction with minimal complexity.” The Travis Scott Meal attracted younger consumers and used an existing product, the Quarter

01
Oct
2020
Posted in internet

How 100 Page Speed Score Helped Australian Internet Advertising Jump to First Page of Google Search

COVID-19 has created a big impact on businesses globally. Companies are making drastic adjustments to their expenditures just to survive this unprecedented economic crisis. Those that previously relied on paid online advertisements are left with no choice but to put their campaigns on hold indefinitely.

Google and Facebook Ad management companies like Australian Internet Advertising (AIA) saw a sharp decline in their clients because businesses started reducing their spending on paid ads.

AIA is an eight year old digital marketing agency which has already established itself as one of the premium  Google ads management  companies in Australia. It is headed by co-founder and director William Polson.

According to William Polson, “Now with companies cutting costs on paid ads, the importance of SEO has never been more relevant. That is why we knew we had to be at the top of Google for all SEO related search queries.”

SEO has been a part of the internet marketing landscape for many years, as it helps generate high volumes of targeted organic traffic. It is cheaper than paid advertisements, which is why more and more companies are using SEO services to reach their target audiences.

With #1 rankings in organic search for Facebook and Google related keywords, AIA was faced with the task of reaching the first page of Google for keywords like ‘best SEO agency in Sydney ’. 

SEO is dynamic, as Google keeps rolling out new updates to improve search relevance for their users. In September 2020, Google switched over to a mobile-first indexing system for ranking websites. What this meant was that companies needed to have good page speeds, as it became one of the top factors for page ranking by Google.

How 100 Page Speed Score Helped Australian Internet Advertising Jump to First Page of Google Search How 100 Page Speed Score Helped Australian Internet Advertising Jump to First Page of Google Search Photo: Screenshot