ST held the fourth presentation of its 2020 CMD focusing on its strategic update. Overall, the predominant feeling was somewhat of deception as the revenue guidance suffered from US/China trade tensions beyond previous estimates, amongst the negative market evolution. This will put pressure on margins for the next three years. Nonetheless, we maintain a positive opinion in the longer run as we believe the company could overcome this challenge organically through strategic adaptations or M&As.
09 Dec 2020
CMD 2020 : an unfortunate reset
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CMD 2020 : an unfortunate reset
STMicroelectronics NV (STMPA:PAR) | 0 0 0.0%
- Published:
09 Dec 2020 -
Author:
Hugo Paternoster -
Pages:
3
ST held the fourth presentation of its 2020 CMD focusing on its strategic update. Overall, the predominant feeling was somewhat of deception as the revenue guidance suffered from US/China trade tensions beyond previous estimates, amongst the negative market evolution. This will put pressure on margins for the next three years. Nonetheless, we maintain a positive opinion in the longer run as we believe the company could overcome this challenge organically through strategic adaptations or M&As.