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ASML has not gotten cheaper. Our earnings estimates have gotten bigger
In June we told investors to take profits on ASML after the stock cleared our USD 1,750 target. That call was about valuation, not fundamentals — and we said we would revisit when the facts changed. They have. ASML’s second-quarter results and a second guidance raise in three months have moved our earnings base materially higher, leaving the stock looking inexpensive once again.
![[Promotion] Moving beyond the crisis – Get on the right foot with 2 free* ETF trades](https://fsm.global/sg/fsm/ext/feature/379800_20260713_hxhPtWLh.webp)
[Promotion] Moving beyond the crisis – Get on the right foot with 2 free* ETF trades
Put the strategies you’ve heard at FSM Global’s ETFestival x Mid-Year Review 2026 to the test and enjoy 2 free* trades on selected ETFs till 31 July 2026. Terms and Conditions apply*.
Auto-Sweep Account
opt-in to Auto-Sweep and earn potentially higher yield
Sweep all idle cash into Auto-Sweep
Earn potentially higher returns
Transact all types of investment products with no lag time



*Updated as of 27 Jul 2026 based on the weighted average of the latest yield of underlying portfolio constituents after deducting latest fund-related expenses and FSM management fee. Latest net yield is neither a guaranteed rate nor an accurate indication of future returns. Net yield is updated on a weekly basis and is subject to fluctuation. Actual returns on Auto-Sweep Account will be based on the underlying portfolio constituents performance.
Multi-Currency Cash Account
- Easy Currency Conversion from our Real time FX rates
- Earn interest on your cash account balance
- No fees and no minimum balance required
SGD
0.60%
USD
1.80%
HKD
1.00%
CNH
0.80%
MYR
0.50%
AUD
2.50%
CAD
0.10%
CHF
0.00%
EUR
0.75%
GBP
2.20%
JPY
0.50%
NZD
0.50%
Rates quoted are in % per annum (p.a), and are subject to change without prior notice. The Cash Account and Auto-Sweep Account are not savings accounts and hence not protected by the deposit insurance scheme.

Join investors from over 100 regions worldwide 🌍


Start with as little as SGD 500
Handpicked collection of top-tier funds and ETFs
Five risk profiles tailored to your needs
Long-term, fundamentally driven strategy

Start with as little as SGD 500
Handpicked collection of top-tier funds and ETFs
Five risk profiles tailored to your needs
Long-term, fundamentally driven strategy

Managed Portfolios
Invest with ease — Professional portfolio management aimed to optimise returns and manage risk.
| Tenure | Price Guidance |
|---|---|
| 6 Months | 1% - 2% area |
Delayed at least 15 minutes
Market Ranking information will only be available after market opens
Multi-Currency Cash Account
- Easy Currency Conversion from our Real time FX rates
- Earn interest on your cash account balance
- No fees and no minimum balance required
SGD
0.60%
USD
1.80%
HKD
1.00%
CNH
0.80%
MYR
0.50%
AUD
2.50%
CAD
0.10%
CHF
0.00%
EUR
0.75%
GBP
2.20%
JPY
0.50%
NZD
0.50%

Join investors from over 100 regions worldwide 🌍


Start with as little as SGD 500
Handpicked collection of top-tier funds and ETFs
Five risk profiles tailored to your needs
Long-term, fundamentally driven strategy

Start with as little as SGD 500
Handpicked collection of top-tier funds and ETFs
Five risk profiles tailored to your needs
Long-term, fundamentally driven strategy

Managed Portfolios
Invest with ease — Professional portfolio management aimed to optimise returns and manage risk.
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