Dutch Market Community

ASML makes the one type of chipmaking machine that advanced chips can’t be built without, putting it at the center of the AI and high-end electronics boom. But that power comes with big dependencies—politics, a few key customers, and whether the next wave of machines is worth the cost.Read more

SBM Offshore may look like just another oil-services name, but its long list of contracted projects could make its future cash generation more predictable than the market assumes. The key question is whether cleaner finances and new deepwater wins can shift it from “boom-and-bust” expectations to something more like an infrastructure-style business—without running into the usual project and customer risks.Read more

I would buy Wolters Kluwer because it combines several qualities I like in a long-term investment: a resilient business model, recurring revenues, strong cash generation, and a customer base that depends on its products for mission-critical workflows. What makes it interesting right now is that the market seems worried about AI-driven disruption.Read more

ASML’s story is one of quiet dominance at the heart of global tech. Founded in the Netherlands in 1984, ASML started as a joint venture between Philips and ASM International.Read more

ASML Holding is one of the most strategically important companies in the global semiconductor industry. The company specializes in producing advanced lithography machines used to manufacture cutting-edge semiconductor chips.Read more

Basic-Fit looks beaten up after years of stop-start disruption in France, but newer gyms are starting to behave more normally and the core low-cost, high-convenience model still draws members. A push to keep more clubs open around the clock could lift sign-ups and profits as extra costs fall, making today’s pessimism worth a closer look.Read more

ASML builds the rare machines that make the most advanced chips possible, and it sits in the middle of nearly every push for smaller, faster computing. The catch is that expectations are already high, so any slowdown in chip-building spending, export limits, or a pause in chip miniaturization could matter more than usual.Read more

Why I Find It Interesting ASML is the only company in the world that produces extreme ultraviolet (EUV) lithography machines, the critical equipment required to manufacture the most advanced semiconductor chips. Its monopoly position gives it unique pricing power and high margins, while placing it at the very foundation of the global semiconductor supply chain.Read more

Trading at a 55% discount to net asset value, EXOR has a price target of €115 (68 % upside potential). The group's largest asset is Ferrari (40% of net asset value), with additional significant holdings in CNH (10%), Stellantis (10%) and Philips (9%).Read more