Citigroup: ASML order visibility continues to improve, with market focus on expanding production scale and increasing profit margins after 2028 Odaily Planet Daily reported that Citigroup analysts said that Dutch semiconductor equipment manufacturer ASML plans to expand its chip manufacturing equipment capacity, and some customers have begun to express interest in orders for 2029 and 2030, indicating that the visibility of the company's future demand is continuing to improve. Citi analysts point out that market discussions surrounding ASML's stock are increasingly shifting towards the scale of capacity expansion in 2028 and beyond, as well as the potential boost to the company's profit margins from rising equipment prices and increased adoption of high-end lithography machines. ASML Chief Financial Officer Roger Dassen stated that the company has completed pricing negotiations with its major clients, and the impact of related price adjustments is expected to gradually become apparent from 2027 onwards. Citigroup believes that as the visibility of customers' demand for long-term equipment procurement increases, the market's focus on ASML is shifting from short-term order performance to longer-term capacity growth potential, as well as profit margin improvement opportunities brought about by changes in high-end equipment sales and pricing. (Golden Ten)