SSAB AB A

SSAB is a supplier of high strength steels with products comprising various qualities and dimensions within wear steels and structural steels. Co.'s solutions also include services, from concept to finished delivery. SSAB Wear Services also provides advice, repairs, and sales of spare parts to the aftermarket. The business is organized into three business areas; SSAB Americas, SSAB EMEA and SSAB APAC as well as the subsidiary, Tibnor, which is a steel distributor in the Nordic region. SSAB EMEA consist of Europe, the Middle East and Africa; SSAB Americas of North and Latin America; SSAB APAC of Asia, Australia and New Zealand and Tibnor of steel and metal distribution in northern Europe.
  • TickerSSAB A
  • ISINSE0000171100
  • ExchangeNasdaq Nordic Stockholm
  • SectorIndustrial Metals & Mining
  • CountrySweden
Alain William ...
  • Alexandre Iatrides
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Sebastien Malafosse
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/19/2020

...

Alain William ...
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 05/19/2020

We are upgrading to Buy vs Neutral on TF1 around one and a half months after our downgrade. In the intervening period, the share price has dropped by 14%, giving a negative valuation of the TV arm and in Q1, TF1 demonstrated its capacity to adjust its costs significantly. We consider the consensus forecasts to be excessively low for 2020 since the advertising market is likely to improve - Cf. equity report published. - ...

Alain William ...
  • Alexandre Iatrides
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Sebastien Malafosse
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/05/2020

...

Alain William

ODDO : Consolidation: ThyssenKrupp’s announcements for the steel division fall flat

>ThyssenKrupp takes the bull by the horns - Despite the current challenges resulting from the COVID-19 crisis, ThyssenKrupp (TK) is pressing on with its strategic realignment. TK’s new strategy consists of: 1/ its transformation into a competitive “group of companies” with a streamlined management model; and 2/ a redefined and better structured portfolio of activities. The management plans to separate these companies into two categories: 1/ those that it wants to deve...

Alain William ...
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 19/05/2020

Nous repassons à l’Achat sur TF1 vs Neutre environ 1 mois et demi après notre dégradation. Depuis le cours a baissé de 14% conduisant à une valorisation négative du pôle TV et TF1 a démontré au T1 sa capacité à ajuster ses coûts fortement. Les attentes du consensus nous semblent excessivement basses pour 2020 alors que le marché publicitaire devrait s’améliorer. Cf. étude publiée hier soir. - ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Remains In Favor; Shanghai Comp Breaking Out A weakening US dollar (DXY) continues to be a major tailwind for both EM equities and the commodity Sectors. Improving price and RS trends for these risk-on areas of the market are among the many characteristics consistent with historical bull markets. Therefore, we continue to label this a bull market and we believe global equities are still in the early innings of a broad-based advance. • EM Equities. Price action has remained weak for the US dollar (DXY), which has been great news for EM equities. As outlined in our 12/19/19 Int'l Compass an...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Breakout -- Add Exposure The laundry list of market characteristics consistent with historical bull markets continues to grow, helping support our ongoing belief that global equities are in the early stages of a broad-based advance. • US Dollar; EM Equities. The US dollar (DXY) exhibits signs of rolling over, something we outlined as increasingly likely in our 12/10/19 Int'l Macro Vision strategy. This is bullish for global equities -- especially EM -- and has paved the way for the MSCI EM index to break above key resistance. Add exposure... see chart below and page 2. • Europe and Japan...

Alain William

ODDO : Consolidation: ThyssenKrupp’s announcements for the steel division fall flat

>ThyssenKrupp takes the bull by the horns - Despite the current challenges resulting from the COVID-19 crisis, ThyssenKrupp (TK) is pressing on with its strategic realignment. TK’s new strategy consists of: 1/ its transformation into a competitive “group of companies” with a streamlined management model; and 2/ a redefined and better structured portfolio of activities. The management plans to separate these companies into two categories: 1/ those that it wants to deve...

Alain William

ODDO : Consolidation : les espoirs d’annonces de ThyssenKrupp pour la division Steel font pschitt

>ThyssenKrupp prend le taureau par les cornes - Malgré les défis actuels résultant de la crise de COVID-19, ThyssenKrupp (TK) poursuit son réalignement stratégique. La nouvelle stratégie de TK consiste en : 1/ sa transformation en un « groupe de compagnies » performant avec un modèle de gestion allégé et 2/ un portefeuille d’activités redéfini et mieux structuré. Le management entend séparer ces entreprises en deux catégories : 1/ celles qu’il souhaite développer seul...

Alain William

ODDO : Believe it or not, US steelmakers are hiking their prices...and its likely to work

>Price increases in the midst of the COVID-19 pandemic - The US steel price has lost 23% since mid-March to $ 480/st. US steelmakers have, at the initiative of ArcelorMittal USA, announced a target for a minimum HRC price of $ 500/st and/or a price increase from $ 50/st (Nucor) to $ 60/st (US Steel). This price hike might appear incongruous whilst the COVID-19 epidemic is spreading rapidly throughout the US with a marked negative impact on demand, notably from the aut...

Alain William

ODDO : Croyez-le ou pas, les sidérurgistes américains augmentent leurs prix… et ça va marcher

>Des hausses de prix annoncées en pleine pandémie de COVID-19 - Le prix de l’acier a baissé de 23% depuis la mi-mars à 480 $/st. Les sidérurgistes américains ont, à l’initiative d’ArcelorMittal USA, annoncé viser un prix minimum du HRC de 500$/st et/ou une hausse de prix de 50 $/t (Nucor) à 60 $/st (US Steel). Cette hausse de prix peut paraitre incongrue alors que l’épidémie de COVID-19 se propage rapidement aux Etats-Unis avec une forte destruction de la demande nota...

Alain William

SSAB : The special steels division to the rescue

>Special steels more resilient than standard grades - In a very uncertain environment, management declined to detail its anticipations for deliveries for Q2 2020. That said, the group has indicated that the decline in deliveries at SSAB (45% of 2019 EBITDA) and SSAB Europe (15% of EBITDA 2019) will be significant. The decline in deliveries at SSAB special steels (33% of 2019 EBITDA) should be more modest since demand for high strength steels is more resilient than tha...

Alain William ...
  • Alexandre Iatrides
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Sebastien Malafosse
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/19/2020

...

Alain William ...
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 05/19/2020

We are upgrading to Buy vs Neutral on TF1 around one and a half months after our downgrade. In the intervening period, the share price has dropped by 14%, giving a negative valuation of the TV arm and in Q1, TF1 demonstrated its capacity to adjust its costs significantly. We consider the consensus forecasts to be excessively low for 2020 since the advertising market is likely to improve - Cf. equity report published. - ...

Alain William ...
  • Alexandre Iatrides
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Tegner
  • Sebastien Malafosse
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/05/2020

...

Alain William ...
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 19/05/2020

Nous repassons à l’Achat sur TF1 vs Neutre environ 1 mois et demi après notre dégradation. Depuis le cours a baissé de 14% conduisant à une valorisation négative du pôle TV et TF1 a démontré au T1 sa capacité à ajuster ses coûts fortement. Les attentes du consensus nous semblent excessivement basses pour 2020 alors que le marché publicitaire devrait s’améliorer. Cf. étude publiée hier soir. - ...

An unfavourable environment weighs on SSAB AB, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of SSAB AB (SE), active in the Steel industry. As regards its fundamental valuation, the title still shows 3 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date January 14, 2020, the closing price was SEK 31.78 and its target price was estimated at SEK 26.30.

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 week...

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