SGS is engaged in the provision of inspection, verification, testing, certification and quality assurance services. Co.'s business lines include: Agricultural; Minerals; Oil, Gas & Chemicals; Life Science; Consumer Testing; Systems & Services Certification; Industrial; Environmental; Automotive; and Governments & Institutions. As of Dec 31 2014, Co.'s geographic operations were organized as follows: Europe, Africa, Middle East (Western Europe, Northern and Central Europe, Southern Central Europe, Eastern Europe & Middle East, and Africa); Americas (North America, and South America); and Asia Pacific (East Asia, China & Hong Kong, and South Eastern Asia & Pacific).
  • TickerSGSN
  • ISINCH0002497458
  • ExchangeSix Swiss Exchange
  • SectorSupport Services
  • CountrySwitzerland

SGS Sa: 1 director sold

A director at SGS Sa sold 38 shares at 2,450.000CHF and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

SGS SA loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of SGS SA (CH), active in the Business Support Services industry. The title has lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date August 4, 2020, the closing price was CHF 2,384.00 and its potential was estimated at CHF 2,635.29.

Geoffroy Michalet

ODDO : Preview S1 2020 : le plein effet du COVID-19, impact historique!

Le choc du COVID-19 dépasse largement les précédents impacts négatifs rencontrés depuis l’introduction en Bourse de Bureau Veritas (octobre 2007), que ce soit la crise financière (2008-2009), la chute brutale du cours du pétrole (2014-2015) ou la guerre commerciale (2019). Ces T2 2020 auront un caractère historique par l’ampleur de leur régression organique (à deux chiffres parfois) malgré des profils théoriquement résilients et diversifiés. Eurofins et Bureau Veritas sont nos va...

Geoffroy Michalet

ODDO : H1 2020 preview: historically big impact from COVID-19!

The shock caused by the COVID-19 pandemic is much bigger than the previous impacts seen since the Bureau Veritas IPO (October 2007), whether from the financial crisis (2008-2009), the sudden drop in oil prices (2014-2015) or the trade war (2019). Q2 2020 results will show historically large organic declines (double digits in some cases) even though sector groups theoretically have resilient and diversified profiles. Eurofins and Bureau Veritas are our Top Picks. We downgrade Appl...

Geoffroy Michalet ...
  • Matthias Desmarais

SGS : H1 2020: greater impact on revenues, resilient margin

>Lower revenues, resilient margin, drop-through misses expectations - SGS reported this morning mixed H1 revenues and earnings. Our estimates were slightly higher than consensus.Revenues came in at CHF 2.65bn, down 20.7% (o/w -10.4% organically). This figure is below our expectations (CHF 2.80bn, -16.2%, o/w -8.7% organically) and consensus (CHF 2.76bn, -17.5%, o/w -9.7% organically). In addition to the organic growth gap, the negative FX effects were slightly b...

Valérie GASTALDY

Short term view - SGS : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at CHF 2,499.10. The next target is at CHF 2,234.00, then CHF 2,143.37. Passing CHF 2,499.10 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - SGS : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 2 499,10 CHF prochainement. Le prochain objectif est à 2 234,00 CHF, puis 2 143,37 CHF. Le franchissement de 2 499,10 CHF remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - SGS : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at CHF 2,234.00. The background trend would be questioned should prices rise above CHF 2,499.10.

Valérie GASTALDY

Analyse court terme - SGS : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 2 234,00 CHF. La tendance de fond serait remise en cause en cas de franchissement de 2 499,10 CHF.

Valérie GASTALDY

Medium term view - SGS : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at CHF 2,238.20.

SGS Sa: 1 director sold

A director at SGS Sa sold 38 shares at 2,450.000CHF and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Geoffroy Michalet

ODDO : Preview S1 2020 : le plein effet du COVID-19, impact historique!

Le choc du COVID-19 dépasse largement les précédents impacts négatifs rencontrés depuis l’introduction en Bourse de Bureau Veritas (octobre 2007), que ce soit la crise financière (2008-2009), la chute brutale du cours du pétrole (2014-2015) ou la guerre commerciale (2019). Ces T2 2020 auront un caractère historique par l’ampleur de leur régression organique (à deux chiffres parfois) malgré des profils théoriquement résilients et diversifiés. Eurofins et Bureau Veritas sont nos va...

Geoffroy Michalet

ODDO : H1 2020 preview: historically big impact from COVID-19!

The shock caused by the COVID-19 pandemic is much bigger than the previous impacts seen since the Bureau Veritas IPO (October 2007), whether from the financial crisis (2008-2009), the sudden drop in oil prices (2014-2015) or the trade war (2019). Q2 2020 results will show historically large organic declines (double digits in some cases) even though sector groups theoretically have resilient and diversified profiles. Eurofins and Bureau Veritas are our Top Picks. We downgrade Appl...

Geoffroy Michalet ...
  • Matthias Desmarais

SGS : H1 2020: greater impact on revenues, resilient margin

>Lower revenues, resilient margin, drop-through misses expectations - SGS reported this morning mixed H1 revenues and earnings. Our estimates were slightly higher than consensus.Revenues came in at CHF 2.65bn, down 20.7% (o/w -10.4% organically). This figure is below our expectations (CHF 2.80bn, -16.2%, o/w -8.7% organically) and consensus (CHF 2.76bn, -17.5%, o/w -9.7% organically). In addition to the organic growth gap, the negative FX effects were slightly b...

Geoffroy Michalet ...
  • Matthias Desmarais

SGS : S1 2020 : impact supérieur sur le CA mais bonne résistance de la marge

>CA inférieur, marge résilientes, drop-through inférieur aux attentes. - SGS publie ce matin un CA et des résultats S1 contrastés. Précisons que nos attentes étaient légèrement supérieures à celles du consensus.Tout d’abord le CA ressort à 2.65 MdCHF, en décroissance de 20.7% (dont -10.4% org). Ce chiffre est un peu inférieur à nos attentes (2.80 MdCHF, -16.2% dont -8.7%org) et à celles du consensus (2.76 MdCHF, -17.5% dont -9.7% org). Outre l’écart de croissance...

Geoffroy Michalet ...
  • Matthias Desmarais

SGS : H1 2020 postviews: some additional information

>Sales: no indication for the full year - While H1 sales came out below our estimates and those of the consensus, the group provided no indication on potential full-year revenue. We have only slightly changed our forecasts for H2. Margin: a strong performance in H1 to be transformed in H2 - The good performance of H1 (drop-through of 23% (26% cc) vs ODDO BHF 25%e and css 29%e) was put into perspective by management which specified three elements. 1/ F...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/22/2020

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Sven Edelfelt ...
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/07/2020

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Alfred Glaser ...
  • Delphine Brault

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/21/2020

We are providing an update on our conviction that Nexi is set to acquire its fellow Italian group SIA in the next few months. Looking beyond the appeal in financial terms (synergies of € 100m) and strategically (insourcing of processing and international expansion) for Nexi, we think that the Italian government (which owns 83% of SIA) is unlikely to pass up the opportunity to create a national champion in electronic payment, as in France with Worldline/Ingenico. Based on our simulatio...

Alfred Glaser ...
  • Delphine Brault

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/07/2020

Nous revenons sur notre conviction que Nexi va racheter son compatriote SIA dans les mois qui viennent. Au-delà de l’intérêt financier (synergies de 100 M€) et stratégique (internalisation du processing et ouverture à l’international) pour Nexi, le gouvernement italien (qui détient 83% de SIA) ne devrait pas manquer la possibilité de créer un champion national du paiement, comme en France avec Worldline/Ingenico. Notre simulation (prix payé, type de financement) fait ressortir un bull...

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Emira Sagaama
  • Fatma Ayachi
  • Jean-François Granjon
  • Jeremy Garnier
  • Martial Descoutures
  • Nicolas Thorez
  • Olfa Taamallah
  • Oussema Denguir
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/01/2020

We simulated the impact of COVID-19 on companies in our universe of coverage from an operating viewpoint. Setting target prices is a risky business amid uncertainty and very rapid movements in the financial markets, reacting more to political/sanitary news flow than to corporate disclosures. However, we tried to include the increase in the perceived risk premium and the change in aggregates in our valuations. As the current crisis is set to have radically different impacts on the twen...

SGS SA loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of SGS SA (CH), active in the Business Support Services industry. The title has lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date August 4, 2020, the closing price was CHF 2,384.00 and its potential was estimated at CHF 2,635.29.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

SGS – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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