Report
Markus Schmitt

IHO / Schaeffler : Wait until the dust settles

>Strengths / Opportunities - IHO Verwaltungs GmbH’s (IHO) sub-groups Schaeffler AG (Schaeffler) and Continental AG (Conti) are leading global automotive suppliers and technology leaders.Schaeffler and Conti dividend streams cover cash interest of IHO bonds by a substantial margin – even in a material downswing, cash interest could be paid and IHO bonds could absorb multiple downgrades before their relative value becomes unattractive.IHO owns 75.1% of Schaeff...
Underlying
Schaeffler AG

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Markus Schmitt

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