ASML 凭借可靠的装机量收入以及降低的中国风险（销售占比从 50% 降至 14%）拥有强劲前景，尽管估值偏高仍值得继续持有。
逐段跳播
在亚马逊之后，ASML是我的下一个最大持仓。这个仓位增长成了一笔巨大的持仓。这是一个12.6万美元的仓位，其中9.3万美元是收益。ASML的未来非常非常好。我们有装机基础管理，这是一条非常可靠的持续收入线，随着它们安装更多机器而持续增长。
我们这里有地域分布。现在，这看起来有点疯狂，但它显示了某些东西。当我们看例如中国，当我们看ASML在中国的销售，仅中国，你可以看到在2023年和2024年左右，大约50%的总销售额在中国，这让投资者认为这里有大量集中风险。
如果有法规可能令ASML投资者担忧，那么，确实有法规。中国的销售占比已经下降。更多销售流向了美国等地。更多流向了韩国。更多流向了台湾。中国在整体组合中占比越来越小，这降低了未来投资的风险，因为如果你认为中国对ASML有风险，那么今天风险更小了。
它从50%降到了14%。所以对它的敞口就是更少了。因此，尽管估值更高，我继续持有这个。
After Amazon, we have ASML is my next largest. This one grew into a massive position. It's a $126,000 position, 93,000 of that being gains. ASML has a very, very good future. We have the install base management, which is a very reliable continual line of revenue continuing to grow as they have more machines installed.
We have the geographic mix here. Now, this looks a little crazy, but it shows something here. When we look at for example China, when we look at ASML sales in China, just China, you can see that in around 2023 and 2024, a huge portion around 50% of their total sales were in China, which led investors to believe that there's a lot of concentrated risk here.
If there's regulations that could that could concern the ESML investor, well, there has been regulations. The sales percentage in China has gone down. More of it has gone to places like the United States.
More of it has gone to South Korea. more of it has gone to Taiwan. China has made up an increasingly smaller portion of the overall mix which derisks the investment in the future because if you believe that China is risky for ASML, well, it's less risky today.
It's gone from 50% down to 14. So there's simply less exposure to it. So despite the higher valuation, I'm continuing to hold this one.
这个频道对 $ASML 的历次判断
Joseph Carlson After Hours 在这只股票上共 2 条判断，这里只列相邻的几条。