BHP Group Plc

BHP Billiton is a resources company. Co. extracts and processes minerals, oil and gas, primarily in Australia and the Americas. Co. operates four reportable segments: Petroleum, which is engaged in the exploration, development and production of oil and gas; Copper, which is engaged in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron Ore, which is engaged in the mining of iron ore; and Coal, which is engaged in the mining of metallurgical coal and energy coal. Co.'s Petroleum unit comprises conventional and unconventional oil and gas assets, and includes exploration, development and production activities.
  • TickerBHP
  • ISINGB00BH0P3Z91
  • ExchangeLondon Stock Exchange
  • SectorMining
  • CountryUnited Kingdom

BHP GROUP PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of BHP GROUP PLC. (GB), a company active in the General Mining industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 26, 2020, the closing price was GBp 1,639.00 and its potential was estimated at GBp 1,859.73.

Alain William

ODDO : Just like that. Act 1 of the re-rating is over. Profit-taking required

>Stock-market impact linked to COVID-19 erased! Seriously? - Diversified mining groups have rebounded strongly from their March lows (+46% outperformance for the MSCI Metals Mining relative to the MSCI Europe) thanks to 1/ the recovery of activity in China, 2/ decisive actions by central banks, 3/ fiscal stimulus plans in China and developed countries and 4/ the (apparent) success of the lifting of lockdown strategies. The sector is also benefiting from the strong reb...

Alain William

ODDO : Comme si de rien était. L’acte I du rerating est passé. Prise de profit requise

>L’impact boursier lié au COVID-19 a été effacé ! Sérieusement ? - Les groupes miniers diversifiés ont fortement rebondi depuis leur point bas de mars dernier (+46% de surperformance pour le MSCI Metals Mining en relatif au MSCI Europe) grâce 1/ à la reprise de l’activité en Chine, 2/ aux actions décisives des Banques Centrales, 3/ aux plans de relance budgétaire en Chine et dans les pays développés et 4/ à la réussite (apparente) des stratégies de déconfinement. Le s...

Alain William ...
  • Alexandre Iatrides
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Nicolas David

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/16/2020

We reiterate our Buy recommendation on Bolloré, with a revised target price of € 3.8, reflecting upside of 38%. Despite poor visibility, we expect EBITA for Bolloré Transport & Logistics' EBITA to grow solidly as a result of robust growth in the ports business and also tight control of costs (fall in investments). A simplification operation, to increase the stake in Vivendi in the coming quarters, still seems plausible, in our view. - Cf. company report published today. - ...

Alain William ...
  • Alexandre Iatrides
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Nicolas David

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/06/2020

Nous réitérons notre opinion Achat sur Bolloré avec un nouvel objectif de cours de 3.8 € faisant ressortir un potentiel de 38%. Malgré une faible visibilité, nous tablons sur une progression solide de l’EBITA de Bolloré Transport & Logistics sous l’effet d’une croissance solide de l’activité portuaire et aussi d’un strict contrôle des coûts (baisse des investissements). Une opération de simplification, pour accroitre la participation dans Vivendi, nous semble toujours crédible ces pro...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities consolidating We remain constructive on global equities as the MSCI ACWI, ACWI ex-U.S., and EAFE indexes consolidate above their respective 200-day moving averages. On the other hand, the MSCI EM index is breaking below its 200-day moving average and is flirting with a breakdown below 56,000 support (local currency). Weakness within EM raises concerns that global equities may also succumb to weakness... see charts below. • Global equities consolidating. We take a look at the big picture, providing overviews on broad MSCI indexes (ACWI, ACWI ex-U.S., and EAFE)... see page 2. ...

Alain William

ODDO : Just like that. Act 1 of the re-rating is over. Profit-taking required

>Stock-market impact linked to COVID-19 erased! Seriously? - Diversified mining groups have rebounded strongly from their March lows (+46% outperformance for the MSCI Metals Mining relative to the MSCI Europe) thanks to 1/ the recovery of activity in China, 2/ decisive actions by central banks, 3/ fiscal stimulus plans in China and developed countries and 4/ the (apparent) success of the lifting of lockdown strategies. The sector is also benefiting from the strong reb...

Alain William

ODDO : Comme si de rien était. L’acte I du rerating est passé. Prise de profit requise

>L’impact boursier lié au COVID-19 a été effacé ! Sérieusement ? - Les groupes miniers diversifiés ont fortement rebondi depuis leur point bas de mars dernier (+46% de surperformance pour le MSCI Metals Mining en relatif au MSCI Europe) grâce 1/ à la reprise de l’activité en Chine, 2/ aux actions décisives des Banques Centrales, 3/ aux plans de relance budgétaire en Chine et dans les pays développés et 4/ à la réussite (apparente) des stratégies de déconfinement. Le s...

Alain William

BHP Group Plc : Production and cost guidance maintained which will require a flawless performance in Q4. Adjustment of capex will be for 2021

>Maintaining of production guidance validates an ambitious Q4 - China has shown signs of recovery in recent weeks, especially regarding heavy industries. Management confirmed that its backlog is well stocked (blast furnace utilisation rate in China at 79% in April vs 73% at the beginning of the year, low iron ore stocks in Chinese ports). Management logically expects the rest of the world to be significantly impacted by the pandemic, hence a marginal adjustment of the...

Alain William

BHP Group Plc : La guidance de production et de coût maintenue nécessite un sans-faute au T4. L’ajustement des Capex est pour l’an prochain

>Le maintien des guidances de production entérine un T4 ambitieux - La Chine a montré des signes de reprise au cours des dernières semaines notamment de la part des industries lourdes. Le management confirme que son carnet de commandes est bien rempli (taux d’utilisation des hauts fourneaux en Chine à 79% en avril vs 73% en début d’année, stocks de minerai de fer bas dans les ports chinois). Le management s’attend, logiquement à ce que le reste du monde soit impacté s...

Alain William

BHP Group Plc : Q3 production mostly consistent with FY 2019-20 guidance. Capex cuts I prospect

>Q3 production overall consistent with management guidance - BHP Q3 2019-20 (financial year ending in June) came in broadly in line with our expectations. Group copper equivalent production was broadly unchanged over 9M 2019-20 and is now expected to be in line with last year (previous guidance was slightly up). At the Petroleum division (16% of FY 2019 EBITDA) Q3 production fell short of our expectations at 25 MMboe (i.e. -11% q-o-q) due to increased downtime at Bass...

BHP Group Limited: Update following rating affirmation

Our credit view of BHP reflects its robust financial profile, strong cost position and disciplined financial policy which supports its resilience against volatility in commodity prices.

BHP: BHP's reports strong 1H fiscal 2020 results; well positioned to manage potential headwinds

BHP's 1H fiscal 2020 results are credit positive.

BHP Group Limited: Credit opinion update

Our credit view of BHP reflects its robust financial profile, strong cost position and disciplined financial policy which supports its resilience against volatility in commodity prices.

BHP Group Limited: Credit opinion update

Our credit view of BHP reflects its robust financial profile, strong cost position and disciplined financial policy which supports its resilience against volatility in commodity prices.

BHP Group Limited - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Alain William ...
  • Alexandre Iatrides
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Nicolas David

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/16/2020

We reiterate our Buy recommendation on Bolloré, with a revised target price of € 3.8, reflecting upside of 38%. Despite poor visibility, we expect EBITA for Bolloré Transport & Logistics' EBITA to grow solidly as a result of robust growth in the ports business and also tight control of costs (fall in investments). A simplification operation, to increase the stake in Vivendi in the coming quarters, still seems plausible, in our view. - Cf. company report published today. - ...

Alain William ...
  • Alexandre Iatrides
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Nicolas David

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/06/2020

Nous réitérons notre opinion Achat sur Bolloré avec un nouvel objectif de cours de 3.8 € faisant ressortir un potentiel de 38%. Malgré une faible visibilité, nous tablons sur une progression solide de l’EBITA de Bolloré Transport & Logistics sous l’effet d’une croissance solide de l’activité portuaire et aussi d’un strict contrôle des coûts (baisse des investissements). Une opération de simplification, pour accroitre la participation dans Vivendi, nous semble toujours crédible ces pro...

Alain William

ODDO BHF Small & MIDCAP MORNING NEWS - 06/16/2020

...

Alain William

ODDO BHF Small & MIDCAP MORNING NEWS - 16/06/2020

...

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/23/2020

We estimate that net current cash flow per share for the property companies we cover will be reduced on average by -11.3% in 2020e and -6.0% in 2021e. Retail property companies are likely to be hit the hardest while office and healthcare property groups should prove more resilient. Our Top Picks against this backdrop are Gecina and Colonial in office property, Cofinimmo in healthcare property and Klépierre in retail property. We downgrade Merlin Properties from Buy to Neutral. - ...

BHP GROUP PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of BHP GROUP PLC. (GB), a company active in the General Mining industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 26, 2020, the closing price was GBp 1,639.00 and its potential was estimated at GBp 1,859.73.

Philip Morrish

Value Indicator - UK Basic Resources 30122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis fof the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 30122019

Currently '(TM) Value Indicator - Main Market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term trading indicators and indicative target prices. The publication is also available on request at

Philip Morrish

Value Indicator - UK Basic Resources 23122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 23122019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term tagrte prices.

Expert Corporate Governance Service (ECGS)

BHP Group Plc - 17 October 2019

The Company operates as a Dual Listed Company (DLC). BHP Group plc is incorporated and listed in the UK while BHP Group Ltd is incorporated and listed in Australia. There are two external shareholder resolutions led by the Australasian Centre for Corporate Responsibility (ACCR). Co-filers of the resolutions are Australia’s Vision Super, the Netherlands’ ACTIAM, Denmark’s MP Pension and the Church of England Pensions. This proposal calls the BHP Group to suspend its membership of industry associations whose lobbying activities are not in line with the goals of the Paris Climate and, thus, with ...

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