Abb logo

ABB - Abb News Story

$34.11 0.3  1.0%

Last Trade - 07/05/21

Sector
Industrials
Size
Large Cap
Market Cap £49.21bn
Enterprise Value £50.49bn
Revenue £19.19bn
Position in Universe 188th / 6858

BUZZ-Capital Goods: BofA sees China leading recovery, scope for surprise

Thu 8th April, 2021 12:37pm
** Bank of America expects strong Q1 demand for capital
goods, driven by China's recovery, as a lack of travel expenses
helps margins, while the impact from raw materials may be a
bigger issue in Q2
    ** China's recovery offers scope for surprise, the brokerage
says
    ** The upbeat tone from management teams at the Global
Industrials Conference and signs of a new investment cycle
helped by government stimulus give confidence in the
sustainability of recovery into 2022+, the brokerage says
    ** Among key buys, BofA lists German engineering group
Siemens  SIEGn.DE , Swiss ABB  ABBN.S , Swedish Sandvik
 SAND.ST , Hexagon  HEXAb.ST , and Atlas Copco  ATCOa.ST 
    ** Brokerage sees the third wave of lockdowns in Europe as
likely to hamper Q1 construction activity after the rebound
    ** It lists Finnish elevators maker Kone  KNEBV.HE , French
electrical equipment maker Legrand  LEGD.PA , Swedish bearing
maker SKF  SKFb.ST , Finnish engineering company Wartsila
 WRT1V.HE  as key underperformers

 ((karl.badohal@thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.