ASM International: Bump On The Road Won't Impair Solid Mid-Term Opportunities

Group 1 - ASM International issued an outlook cut for FY25 due to weaker near-term conditions in cyclical markets such as power and analog [1] - There is a noted caution among logic and foundry customers impacting ASM International's performance [1] Group 2 - The investment focus is on growth companies, particularly in mid-cap segments, with an emphasis on sectors like biotechnologies, computer chips, cloud technology, energy, and commodities [1] - A systematic balance sheet analysis will be conducted to assess the financial health of growing businesses, as many may struggle with funding [1] - Long-term capital appreciation is prioritized over short-term speculation in investment strategies [1]