"SILTRONIC with double tailwind. The low for SILTRONIC should have been sounded. The operational tailwind continues. First, after more than a year of negotiations, the U.S. Congress has decided to support the chip industry, including R&D, with more than $250 billion over the next ten years. SILTRONIC benefits indirectly as an international wafer supplier. Second: Independently of this, WACKER CHEMIE's subsidiary has raised its forecast. In 2022, it aims to increase revenues by 21 to 27%, compared with a previous forecast of 15 to 22% growth. Of this, 34 to 37% should remain as earnings before interest, taxes, depreciation and amortization (Ebitda). P/E ratios of 7 to 8 are simply too favorable, even if the business is traditionally cyclical. So far, however, there are no signs of a slowdown in demand for the wafer manufacturer. Demand is above production capacity. [...]"

This is a small text insight into the Bernecker stock exchange letter "Bernecker Daily" in its issue of 01.08.2022. For more info of this kind gladly become a follower here at Getquin.