Scout 24 Stock Forum

Analyst updates, 05.11.

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- ODDO BHF raises the price target for BIONTECH from USD 110 to USD 130. Outperform. $BNTX (+3.76%)

- BARCLAYS raises the price target for AIRBUS from EUR 161 to EUR 165. Overweight. $AIR (-1.42%)

- CITIGROUP raises the price target for SCOUT24 from EUR 91 to EUR 94.50. Buy. $G24 (+0.84%)

- WARBURG RESEARCH raises the price target for REDCARE PHARMACY from EUR 174 to EUR 176. Buy. $RDC (+9.53%)

- DEUTSCHE BANK RESEARCH raises the price target for RYANAIR from EUR 17 to EUR 17.50. Hold. $RYA (+0.25%)

- BERNSTEIN rates EBAY from Market-Perform to Outperform. Target price USD 70. $EBAY (+0.56%)

- ODDO BHF raises the price target for SALZGITTER from EUR 14 to EUR 15.50. Underperform. $SZG (+2.23%)

- BARCLAYS raises the target price for COMMERZBANK from EUR 16 to EUR 17. Equal-Weight. $CBK (-1.43%)

- BARCLAYS raises the target price for MTU from EUR 295 to EUR 340. Equal-Weight. $MTX (-0.88%)

- MORGAN STANLEY rates LUFTHANSA to Equal-Weight. Target price EUR 7. $LHA (+0.59%)

- BERENBERG raises the price target for DEUTSCHE KONSUM REIT from EUR 3.50 to EUR 5. Hold.

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- GOLDMAN lowers the price target for MERCEDES-BENZ from EUR 65 to EUR 63. Buy. $MBG (-3.33%)

- UBS lowers target price for 1&1 from EUR 21.60 to EUR 21. Buy.

- WARBURG RESEARCH lowers the price target for GFT TECHNOLOGIES from EUR 40 to EUR 37.50. Buy. $GFT (-0.78%)

- HAUCK AUFHÄUSER IB lowers the price target for ECKERT & ZIEGLER from EUR 63.50 to EUR 55. Buy. $EUZ (+0.1%)

- BARCLAYS lowers the price target for BNP PARIBAS from EUR 90 to EUR 85. Overweight. $BNP (+0.1%)

- BERENBERG downgrades SCHNEIDER ELECTRIC from Buy to Hold and lowers price target from EUR 261 to EUR 255. $SU (-0.48%)

- BERENBERG lowers the price target for BEFESA from EUR 41 to EUR 31. Buy. $BFSA (-2.8%)

Analyst updates, 04.11.

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- BERENBERG raises the target price for SHELL from GBP 31 to GBP 31.50. Buy. | $SHEL (-1.61%)

- BERENBERG raises the price target for MTU from EUR 270 to EUR 350. Buy. | $MTX (-0.88%)

- BRYAN GARNIER raises the price target for HELLOFRESH from EUR 8.50 to EUR 10. Neutral. | $HFG (+1.98%)

- DEUTSCHE BANK RESEARCH raises the price target for SCOUT24 from EUR 84 to EUR 92. Buy. | $G24 (+0.84%)

- DEUTSCHE BANK RESEARCH raises the price target for SANTANDER from EUR 5.75 to EUR 5.80. Buy. | $SAN (-1.34%)

- RBC raises the target price for NEXT PLC from GBP 105 to GBP 108. Sector Perform. | $NXT

- UBS raises the price target for CHEVRON from USD 192 to USD 194. Buy. | $CVX (+0.94%)

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- UBS lowers the price target for BERKSHIRE HATHAWAY from USD 806.724 to USD 796.021. Buy. | $BRK.B (+1.54%)

- CITIGROUP lowers the price target for STMICRO from EUR 36 to EUR 30. Buy. | $STMPA (-1.72%)

- JPMORGAN lowers the price target for ASM INTERNATIONAL from EUR 806 to EUR 716. Overweight. | $ASM (-1.38%)

- RBC downgrades CARL ZEISS MEDITEC from Outperform to Sector-Perform and lowers target price from EUR 85 to EUR 70. | $AFX (-2.96%)

- WARBURG RESEARCH lowers the price target for KION from EUR 65 to EUR 58. Buy. | $KGX (-3.27%)

- ODDO BHF downgrades JENOPTIK from Neutral to Outperform and lowers target price from EUR 32 to EUR 30. | $JEN (-0.92%)

- ODDO BHF lowers the price target for AIXTRON from EUR 22 to EUR 21. Outperform. | $AIXA (-2.14%)

- ODDO BHF lowers the price target for FIELMANN from EUR 45.70 to EUR 44.60. Neutral. | $FIE (-0.41%)

- HAUCK AUFHÄUSER IB lowers the price target for KNORR-BREMSE from 65.50 EUR to 63.60 EUR. Sell. | $KBX (-1.54%)

- GOLDMAN downgrades STANDARD CHARTERED to Neutral. Target price GBP 9.37. | $STAN (-1.53%)

- GOLDMAN lowers the price target for GENERALI from EUR 31.50 to EUR 30.50. Buy. | $G (+0.45%)

- GOLDMAN lowers the price target for PHILIPS from EUR 35 to EUR 32. Buy. | $PHIA (-2.73%)

As every Sunday, the news of the last week and the most important dates of the coming week.

The most important dates of the coming week as a video:

https://youtube.com/shorts/XRpmGjw1CJ8?feature=share

Monday:

$G24 (+0.84%) Scout24 is able to increase its forecast despite the slump in the real estate market. Also due to the acquisition of Sprengnetter (valuation portal), sales can increase by 15%. In a tense market, Scout24 profits above all from marketing and Plus products.

https://app.handelsblatt.com/finanzen/immobilien/immobilien-immobilienportal-scout24-erhoeht-nach-zukauf-prognosen/29306012.html

Catastrophic figures from $ENR (+2.43%) Siemens Energy - Because of the wind power division, an annual loss of EUR 4.5 billion is expected. The main reason is damage to wind turbines. As a consequence, the company wants to part with certain suppliers.

https://www.manager-magazin.de/unternehmen/industrie/siemens-energy-rechnet-mit-4-5-milliarden-euro-verlust-a-8f6bf488-27b4-4c47-af02-46c0f00ba820

Industrial production in Germany is being cut back more sharply than expected. In June alone, production fell by 1.3% compared with the previous month. Experts had expected a smaller decline.

https://app.handelsblatt.com/politik/konjunktur/konjunktur-deutsche-unternehmen-fahren-produktion-unerwartet-stark-herunter/29306120.html

$TSM (+0.91%) TSMC is coming to Germany and can expect EUR 5 billion in subsidies. A plant is being built near Dresden, which will be operated jointly with NXP, Infineon and Bosch.

https://www.handelsblatt.com/politik/deutschland/halbleiter-taiwanesischer-chipriese-tsmc-kommt-nach-deutschland/29306926.html

Tuesday:

The trading da#china disappoint. Both exports and imports were below expectations. Year-on-year, exports sank by 14.5% in July. Imports fell by 12.4%. The data are compared in USD. At the same time, however, the renminbi yuan depreciated against the USD.

https://www.wallstreet-online.de/nachricht/17217918-aktien-asien-pazifik-abwaerts-china-daten-handel-enttaeuschen

$SIX2 (+0.13%) Sixt achieves record earnings, the best quarterly result in the Group's history. Bayer has to take write-downs, as already announced. The loss was slightly lower than expected. RTL has to revise its full-year forecast downward. Fraport becomes more optimistic for the full year.

https://www.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-sixt-erzielt-rekordergebnis-rtl-senkt-jahresprognose/24098412.html

The excess profits tax from Italy 🇮🇹 is putting pressure on banks throughout Europe today. This is because the Italian government wants to skim off the banks' higher interest income. This is causing uncertainty about similar legislative projects and dragging the sector down.

https://app.handelsblatt.com/finanzen/maerkte/marktberichte/dax-aktuell-dax-schliesst-unter-15-800-punkten-bankaktien-geraten-unter-druck/29312388.html

Wednesday:

$VOE (+0.15%) Voestalpine with profit slump, however, there was a corresponding expectation. The forecast was confirmed.

Also $EOAN (-1.03%) eon also confirmed the forecast it had raised in July. The company is said to be continuing on its growth course.

https://app.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-eon-erhoeht-investitionen-und-bestaetigt-die-prognose-gewinneinbruch-bei-brenntag/24098412.html

$DHER (-1.16%) Delivery Hero raises its revenue forecast. Revenue is expected to grow by 15% instead of 10%. In addition, the EBITDA margin is to be at least 0.5%.

https://de.finance.yahoo.com/nachrichten/delivery-hero-rechnet-mehr-umsatz-055911738.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAA46eIxcDVPn8WOFs3FBIu5hUZ_H1eIooUZtI9tbGNc7B3PiCBZSTkNXas-XY25lseEuPuBpUpNcGibN2PX34w1n9IcD7RZGyXbw0QnMXz5aGbZQNqq1bY_5GDbwA_PeuyycdyVm1peezJapDgS0NxPN0FHtUlODqNOw51AFdXHt

#deflation instead of inflation in China 🇨🇳. The new data push the markets in Asia into the red on Wednesday. Prices fell by 0.3% compared to the same month last year. Expected were even 0.4%. Nevertheless, the figures did not go down well, because deflation is, like inflation harmful to the economy.

https://www.sueddeutsche.de/wirtschaft/china-wirtschaft-deflation-preise-lohnkuerzung-entlassung-1.6110930

For the first time in 10 years, deposits at Volksbanks and savings banks have fallen. This is good news, because it means that customers are switching to better-interest alternatives. This also puts Volksbanks and savings banks under pressure to finally allow savers to participate in the higher interest rates.

https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/inflation-und-preiskampf-einlagen-bei-sparkassen-und-volksbanken-sinken-/29314296.html

$WE WeWork stands shortly before the insolvency. The share price is plummeting. The only way out would be fresh money. However, commercial real estate is generally not in demand, so the co-working space business is likely to have a hard time.

https://app.handelsblatt.com/finanzen/immobilien/immobilien-buerovermieter-wework-warnt-vor-insolvenz-aktie-bricht-ein/29321066.html

Thursday:

Surprisingly good figures from $ALV (-0.71%) Allianz, profit exceeded expectations due to fewer natural catastrophes and higher prices.

$HFG (+1.98%) Hellofresh continues to lose customers, but significantly increases bottom-line profit. The forecast remains unchanged.

$$MUV2 (-0.5%) Munich Re earns less than expected, but maintains forecast.

Rheinmetall increases sales, but earns less.

https://app.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-allianz-ueberrascht-beim-gewinn-telekom-erhoeht-die-ziele/24098412.html

Inflation in the USA 🇺🇸 rises again slightly to 3.2%. However, 3.3% was expected, so this data should be received positively by the stock market and also provide further impetus.

https://rp-online.de/wirtschaft/us-inflationsdruck-nimmt-wieder-zu-teuerungsrate-bei-3-2-prozent_aid-95430155

Friday:

$CWC (-0.49%) CEWE benefits from higher travel. More people buy photo books. The last two quarters are the most important for the Group. However, sales already increased by 11 % in the second quarter.

https://amp2.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-alibaba-mit-ueberraschend-hohem-umsatz/24098412.html

Also $BC8 (+0.06%) Bechtle can beat expectations. The revenue forecast is reaffirmed. The pre-tax profit of 93.8 million euros was above the expected 90.

https://www.finanzen.net/nachricht/aktien/jahresausblick-bekraeftigt-bechtle-aktie-stark-bechtle-schlaegt-erwartungen-12730615

These are the most important dates for the coming week:

Monday: 14:00 Consumer Prices (India)

Tuesday: 11:00 ZEW Economic Indicator (DE)

Wednesday: 11:00 GDP figures (EU)

Thursday: 14:30 Manufacturing data (USA)

Friday: 11:00 Inflation data (EURO)

The M-Dax company Scout24

Scout 24 was founded in 1998, is based in Munich and is a digital company listed on the MDax. Among other things, the company operates the well-known website Immoscout24, this is a digital display platform for the real estate market.

On the platform, one can place real estate ads and search for properties. Furthermore, there is also a guidebook, tips and analysis tools for both tenants and landlords. The platform / app records around 20 million visitors per month. At the end of 2019, 425,000 real estate ads were advertised on ImmoScout24.

Immoscout24 offers memberships for brokers, property managers and private sellers. A 14-day private ad for an apartment on the platform costs from €79.90. A commercial advertisement on the other hand starts from 67,00 €. Compared to other portals, the fees are in the top price range.

AutoScout24, FinanceScout24 and Finanzcheck also belonged to Scout24, but these platforms were sold to Hellman & Friedman (USA) for 2.9 billion in spring 2020.

Current share price: €62.86

All-time high August 2020: €77.75

Dividend July 21: 0.82 € / share

Performance 1 year: -6.91

Performance 5 years: +95.24

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No investment recommendation

Source: Scout24, Wikipedia

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗜𝗣𝗢𝘀 🔔

Rivian ( $N/A ) - After yesterday's IPO, the electric vehicle maker was able to exceed expectations. Compared to the issue price of $78, the stock traded at $100.73 at the close of trading, realizing issue proceeds of US$11.9 billion. This makes Rivian the largest IPO this year. The company's valuation at the current price is $100 billion, which is higher than, for example, BMW ( $BMW (-3.91%) ).

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

Ex-dividend date: BP ( $BPE5 (-1.72%) ), Corning ( $GLW (+1.79%) ) and Royal Dutch Shell ( $R6C ) .

𝗖𝗵𝗶𝗳𝗳𝗿𝗲𝘀 𝘁𝗿𝗶𝗺𝗲𝘀𝘁𝗿𝗶𝗲𝗹𝘀 📈

Today Aareal Bank ( $ARLB ), Bauer AG ( $B5A ), Bechtle AG ( $BC8 (+0.06%) ), Bilfinger SE ( $GBFU ), Bridgestone ( $BGT (-3.36%) ), Burberry ( $BURBY ), Deutsche EuroShop ( $DEQ (+2.39%) ), Evotec ( $EVTCY ), Fielmann ( $FIE (-0.41%) ), K+S ( $SDF1 (-4.66%) ), Leifheit ( $LEI (-0.63%) ), Merck KGaA ( $MRK (-0.26%) ), Österreichische Post ( $O3P (+0.17%) ), Scout24 SE ( $G24 (+0.84%) ), Siemens ( $SIE (-2.51%) ), Sixt ( $SIX2 (+0.13%) ), Suzuki ( $SUK (+5.75%) ) and Varta AG ( $VAR1 (-0.64%) ) present their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

General Electrics ( $GCP (+4.23%) ) - One of the largest companies in the United States announced that it will split into three publicly traded companies. These companies will then focus on the aviation, "health care" and "energy" sectors. Wall Street analysts are supportive of the company's plan. It could allow GE to escape the surprisingly poor performance of the past two decades.

Tesla ( $TL0 (+9.97%) ) - Elon Musk's brother, Kimbal Musk, sold Tesla stock shortly before his brother's Twitter poll. As previously reported, Elon Musk put the sale of ten percent of his Tesla shares to a vote via Twitter. The majority of his followers were in favor of a sale. As a result, Tesla's share price temporarily dropped to just under 880 euros. Today, Elon Musk could again face the US supervisory authority SEC because of his tweets that move the markets. In addition, publicly available SEC forms reveal that Kendal Musk, who is also a member of Tesla's supervisory board, apparently sold his Tesla shares before the investigation. He exercised an option to buy 25,000 Tesla shares at $74.17 each and immediately sold them for prices between $1,223 and $1,236. He made a profit of US$108.8 million. It is still unclear whether he knew about his brother's upcoming Twitter poll.

Merck ( $MRK (-0.26%) ) - The fight against the Corona pandemic continues on their advantage. But despite the Corona boom, the pharmaceutical and specialty chemicals group is earning less and its shares are under pressure. The group had to accept losses in the third quarter of the year. Profit after tax fell by five percent year-on-year to 764 million euros.

Delivery Hero ( $DHER (-1.16%) ) - After strong growth in the third quarter, Delivery Hero is again more optimistic for the full year. Revenues are now expected to be between €6.4 billion and €6.7 billion. The adjusted EBITDA/gross merchandise value margin of minus 2 percent remains unchanged. According to CFO Emmanuel Thomassin, the focus will continue to be on sustainable, long-term growth by strengthening the presence in key markets and the global leadership position. The stock is popular with investors today, rising 4.25 percent at times to 116 euros.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Apple ( $APC (+0.65%) ) - The tech giant's CEO said the day before that he personally holds crypto-currencies, including Ethereum and Bitcoin. However, according to his statements, Apple has no plans to invest in crypto-currencies.

Coinbase ( $1QZ (+8.63%) ) - Yesterday, investors in the largest U.S. crypto exchange platform experienced a major disappointment, as the third quarter figures could by no means match the second quarter in terms of profits. The newcomer to the stock market's profits fell by 74.9 percent in quarterly comparison. While in the second quarter, US$1.6 billion was earned, in the third quarter, only US$406 million was earned. However, the situation is not as dire as these numbers may appear at first glance. The third quarter numbers are only bad if you compare them directly with the very good numbers from the second quarter. However, these are directly related to the hype of the company's IPO. If we look at the third quarter of 2020, we see that the 2021 earnings have increased by 500% in comparison. In addition, it should be noted that Coinbase's key numbers are logically very heavily dependent on the performance of the overall crypto market.

🤜🏼🤜🏼🤜🏼 @MarketNewsUpdate