Destocking bei Vail-Kunden läuft u.E. zur Mitte 24 aus – Investitionsw...

Q1/24 war und Q2/24 wird u.E. langsam wachsen, denn die Kundenlager (in PPG) sind noch nicht ausreichend abgeschmolzen; d.h. das H2/24 wird stärker als H1/24; ein besserer Produktmix mit Margenverbesserung sollte hinzukommen.

In our opinion, vail-customer destocking will come to an end by mid-20...

Q1/24 was and Q2/24 will grow slowly in our view, as customer inventories (Vials in PPG) are not yet sufficiently reduced; i.e. H2/24 will be stronger than H1/24; a better product mix with margin improvement should be added  

Macro Update -- Macro Risks Remain Manageable

The resilience of Ukraine’s economy to unprecedented external shocks remains beyond any doubt. The economy continues to grow in 2024 at a reasonable pace and massive destruction of the country’s energy infrastructure will only slow, but not disrupt, the recovery. Ukraine’s largest economic achievement of the past quarters is the launch of a fully functioning Black Sea cargo corridor that made it possible to export a wide range of commodities. The biggest positive surprise of 1Q24 was a sharp slo...

Titan Cement US D.O.E selects Titan America to fund low carbon cement

Titan Cement announced that the US Department of Energy has selected Titan America's Roanoke cement plant in Virginia to support the deployment of a first-of-a-kind calcined clay production line by awarding up to $61.7m. The implementation of the technology will substantially reduce carbon emissions and become a model for building more sustainable infrastructure across the Group. The $61.7m grant will be part of the $6.3bn Industrial Demonstrations Program in the USA, which is managed by DOE's O...

Q1 beat from Shimano

ODDO BHF Small & MIDCAP MORNING NEWS - 04/23/2024

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ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/23/2024

In the run-up to the 2024 Summer Olympic Games and Euro 2024 football tournament, we have identified six stocks to favour: JCDecaux, Accor, Sodexo, adidas, Unibail-Rodamco-Westfield and easyJet. While these two major sporting events are not expected to have a significant impact on the host economies in the medium term, the microeconomic and sectoral impacts should be more marked. The tourism, transport, beverages and consumer goods sectors are expected to be the main winners. Some med...

Researchstudie (Initial Coverage) - A.H.T Syngas Technology N.V. - 23....

Das Geschäftsmodell der AHT Syngas Technology (kurz: AHT) basiert auf einer ausgereiften und robusten Technologie zur umweltfreundlichen Energieerzeugung, die auf die ehemalige Klöckner Humboldt Deutz AG zurückgeht. AHT hat sich zu einem weltweit agierenden Unternehmen entwickelt, das sich auf die Entwicklung von Technologien zur Umwandlung kohlenstoffhaltiger Brennstoffe in Synthesegase konzentriert. Konkret entwickelt, plant und vertreibt das Unternehmen weltweit innovative dezentrale Kraftwer...

Alimentation Couche-Tard Inc: 1 director

A director at Alimentation Couche-Tard Inc sold 15,000 shares at 75.540CAD and the significance rating of the trade was 67/100. 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 ...

Enertork Ltd: 1 director

A director at Enertork Ltd bought 39,388 shares at 5,580.000KRW and the significance rating of the trade was 60/100. 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 clear...

Shinhung Co: 3 directors

Three Directors at Shinhung Co bought 4,240 shares at between 14,950.000KRW and 15,100.000KRW. The significance rating of the trade was 65/100. 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 ov...

Segyung Hitech Co Ltd: 1 director

A director at Segyung Hitech Co Ltd sold 26,000 shares at 10,222.000KRW and the significance rating of the trade was 59/100. 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 yea...

Credit Morning 04/23/2024

Ethias reports strong FY2023 resultsIliad issues € 500m of new 2031 unsecured notes and launches a tender on the 2024/2025 notesCrelan launches a first Tier 2 2035/2030 issue of € 300m.GACM plans to issue a Tier 2 and a senior bond>...

AngloAmerican Plc : Reassuring Q1 production numbers but diamond produ...

>Q1 production numbers generally beat our expectations - Anglo has just released overall decent Q1 2024 production numbers as good numbers in the largest copper and iron ore divisions offset softness in the other areas. Total copper-eq production was flat y-o-y. Copper (31% of 2024e EBITDA) grew 11% y-o-y at 198kt, 6% > ODDO BHF thanks to planned higher grades and strong throughput at Collahuasi and El Soldado in Chile and strong productivity at Quellaveco in Peru. Ni...

AngloAmerican Plc : Reassuring Q1 production numbers but diamond produ...

>Q1 production numbers generally beat our expectations - Anglo has just released overall decent Q1 2024 production numbers as good numbers in the largest copper and iron ore divisions offset softness in the other areas. Total copper-eq production was flat y-o-y. Copper (31% of 2024e EBITDA) grew 11% y-o-y at 198kt, 6% > ODDO BHF thanks to planned higher grades and strong throughput at Collahuasi and El Soldado in Chile and strong productivity at Quellaveco in Peru. Ni...

Telekomunikasi Indonesia (P.T.): Update to credit analysis

Our credit view of this issuer reflecting its leading market position within the Indonesian telecommunication sector and strong credit metrics.