Moody's Ratings affirms S.F. Holding's A3 ratings; outlook remains sta...

Moody's Ratings (Moody's) has affirmed the A3 issuer rating of S.F. Holding Co., Ltd. (SF) and the A3 backed senior unsecured rating on the bonds of SF Holding Investment Limited and SF Holding Investment 2021 Limited, which are guaranteed by S.F. Holding Co., Ltd. Moody's has maintained the stabl...

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.

Eurozone PMI signals a pickup in growth

The PMI increased from 50.3 to 51.4 in April, suggesting that the eurozone economy is finally leaving stagnation and returning to growth at the start of the second quarter. Inflationary pressures remain for the service sector but don't expect this to deter the ECB from cutting rates

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...

Akzo Nobel

Below are the highlights from the conference call. We remind that 1Q adj. EBITDA jumped by 19% to 363m, which was about 4% better than our and consensus forecasts. Unsurprisingly, Akzo reiterated its FY24 guidance of €1.5-1.65bn adj. EBITDA, which represents c.10% growth at midpoint. Mid term guidance of at least 16% adjusted EBITDA margin was also reiterated and represents a 260bps increase from 2023A with our and consensus a bit below (at respectively 15.5% and 15.7%). We acknowledge the impro...

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 ...