Hochtief's share price has already gained almost 30 percent in 2025. Whether network centers in the USA or infrastructure in Europe, investors have been buying into the company with great enthusiasm. But in addition to the fantasy, the company is also fundamentally convincing.

In the 2024 financial year, turnover climbed by 20% to around EUR 33.3 billion. Consolidated operating profit rose by over 17% to EUR 625 million, exceeding the upper end of the forecast range of EUR 560 to 610 million. A further increase of 9% to 17% to EUR 680 to 730 million is planned for 2025.

Nobody currently doubts that these targets will be achieved. When US President Trump announced investments of USD 500 billion for AI infrastructure projects in January 2025, the share price rose significantly. This is because Hochtief has a strong presence in the USA. A data center is already being built in Ohio via the subsidiary Turner. The planned special fund for federal infrastructure projects was also a driver for the share price. However, there are two things to bear in mind here: Firstly, this special fund has not yet been approved by the Federal Council and secondly, Hochtief generates 95 percent of its sales outside Europe. For Germany, we estimate a sales share of only 1 to 2 percent.

But things are going well at Hochtief. The figures are impressive proof of this. It is possible that the planned investments by the German government will ensure that the company can benefit noticeably not only from US investments, but also from those in Germany. That would be the best-case scenario. Investors remain on board.

$HOT (+5,07 %)

$STR (+10,1 %)

$POS (+9,96 %)

$GBF (+7,86 %)

$CEMEXCPO (+0,91 %)

$HEI (+4,52 %)

I was inspired by a Focus Money article and because many people here are asking.

I won't be investing myself, it's too short-term for me. But there are still some very interesting companies.

Feel free to write in the comments whether such "copied articles" are of any use to the community or are legally correct :)

The signs of a peace process in Ukraine are solidifying. This is triggering a run on the stock market for shares that could benefit from reconstruction

Regardless of the political interpretation, the stock market has been turning its back on the war for several days now and is betting on the coming peace. Stocks that are likely to benefit from the reconstruction in Ukraine have soared. The UBS Ukraine Reconstruction Index, which comprises 25 of these stocks, has been climbing for days and is at an all-time high. "The effects of a possible ceasefire in Ukraine are still being underestimated on the financial markets," says Bernd Meyer, Chief Investment Strategist and Head of Multi Asset at Berenberg, who is convinced that the rally will continue. Reconstruction requires enormous resources. According to estimates by the World Bank, the costs for this amount to a total of 500 billion dollars - the equivalent of Austria's gross domestic product and more than three times Ukraine's annual economic output before the war. The money is likely to benefit construction companies, suppliers, infrastructure companies and banks in particular. European companies could be the main beneficiaries - especially from neighboring countries such as Poland and Hungary, but also the Czech Republic, Austria and Germany.

With Wärtsilä $WRT1V (+1,71 %) a provider of technologies for the shipping and energy markets, and Konecranes $KCR (+1,78 %) a manufacturer of industrial cranes and drive technology, Finnish companies are also on the list of potential peace beneficiaries - as are Italian companies such as the cement and building materials manufacturer Buzzi $BZU (+7,76 %) The list is long. There is a great need for building materials, steel and cables to restore the destroyed infrastructure and energy supply. There is still no thematic fund or ETF on the beneficiaries of the reconstruction in Ukraine. Investors who want to benefit from this are therefore well advised to combine several securities into a portfolio themselves.

Banks: Erste Group Bank $EBS (+6,36 %) Powszechna K. Osz $PKO (+5,53 %) Santander Polska $SPL (+4,02 %) Polska K. Opieki $PEO (+4,35 %) Raiffeisen Bank Int.$RBI (-0,23 %)

Construction: Wienerberger $WIE (+5,65 %) Sniezka Construction $SKA Strabag $STR (+10,1 %)

Insulation: Kingspan Group $KRX (+3,4 %) Rockwool $ROCK B (+3,97 %)

Glass: Cie de Saint-Gobain $SGO (+3,37 %)

Cranes: Konecranes $KCR (+1,78 %)

Cement: CRH $CRH (+2,2 %) Buzzi $BZU (+7,76 %) Holcim $HOLN (+2,46 %) Heidelberg Mat. $HEI (+4,52 %)

Construction machinery: Caterpillar $CAT (+0,73 %)

Mining: Ferrexpo $FXPO (+9,22 %) Metso $METSO (+2,49 %)

Chemicals: BASF $BAS (+2,64 %)

Industrial gases: Air Liquide $AI (+1,45 %)

Infrastructure: Schneider Electric $SU (+2,08 %) Rexel $RXL (+3,15 %) Wärtsilä $WRT1V (+1,71 %) Weir Group $WEIR (+1,64 %)

Infrastructure (E): Siemens Energy $ENR (+3,62 %) Prysmian $PRY (+3,61 %) NKT $NKT (+6,11 %) Nexans $NEX (+5,92 %)

Agriculture: Kernel $KER (+6,08 %)

Logistics(warehouse): Kion $KGX (+6,3 %)

Steel: Arcelor Mittal $MT (+4,32 %) and for stainless steels Outukompu $OUT1V (+2,88 %)

Sanitary technology: Geberit $GEBN (+0,54 %)

Specialty chemicals: Evonik $EVK (+3,46 %) Arkema $AKE (+3,63 %) Wacker Chemie $WCH (+2,11 %) Lanxess $LXS (+3,88 %)

Heidelberg Materials aims for further growth in operating profit + Hamborner REIT exceeds expectations + Fuel cell specialist SFC Energy expects further growth + Citigroup raises Thyssenkrupp price target and praises Marine IPO

Heidelberg Materials $HEI (+4,52 %)aims for further growth after record operating profit

• The building materials group Heidelberg Materials (formerly Heidelbergcement) is optimistic for the current year following a record operating profit.
• "Thanks to our broad geographical positioning and active cost and price management, we were able to more than compensate for declines in demand in individual regions," said CEO Dominik von Achten on Tuesday in Heidelberg.
• Although the construction sector is still characterized by volatility in some regions, the stabilization in the core markets is continuing.
• The management therefore expects earnings growth again in the current year.
• In 2024, turnover remained at the previous year's level of just under EUR 21.2 billion despite declining sales volumes, as the DAX-listed company announced.
• Adjusted EBIT - the so-called RCO - increased by 6 percent to 3.2 billion euros.
• A savings program also contributed to this. This was as much as analysts had expected.
• The bottom line was a profit attributable to shareholders of just under 1.8 billion euros after around 1.9 billion euros in the previous year.
• For the current year, the Executive Board expects adjusted earnings before interest and taxes of between EUR 3.25 billion and EUR 3.55 billion.

Hamborner REIT $HABA (+0,34 %)exceeds expectations with operating result

• The commercial real estate specialist Hamborner Reit generated more rental and lease income last year thanks to property acquisitions.
• Rental and leasing income rose by 2 percent year-on-year to EUR 93.0 million in 2024, as the company announced on Tuesday based on preliminary figures.
• However, funds from operations (FFO), an important operating indicator for the real estate sector, fell by 5.5% to EUR 51.6 million.
• Higher expenses for maintenance, personnel and administration also had a negative impact here.
• FFO is slightly above the average analyst estimate.
• The net asset value per share fell by 2.3% year-on-year to EUR 9.79.
• The company had already commented on the outlook and the dividend last week.
• Accordingly, income from rents and leases is expected to fall to between EUR 87.5 million and EUR 89.0 million, primarily due to the sale of properties.
• The expected decline in FFO to between EUR 44.0 million and EUR 46.0 million was also held back by increased maintenance and personnel costs as well as expenses for strategic and regulatory projects.
• As already announced, the dividend is expected to remain at the previous year's level of 48 cents per share.

Fuel cell specialist SFC Energy $F3C (+12,92 %)expects further growth

• The fuel cell specialist SFC Energy intends to continue its growth course in the current year.
• Sales are expected to increase by around 11 to 25 percent to between 160.6 million and 180.9 million euros in 2025, the company announced when presenting its preliminary annual figures.
• The strongest growth impetus is likely to come from the North American and Asian regions.
• SFC expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between 24.7 and 28.2 million euros.
• The company can build on well-filled order books.
• The order backlog rose by 28.6 percent to around 104.6 million euros at the end of the year.
• Thanks to high demand in the fourth quarter, incoming orders increased from 124.8 to 167.7 million euros in 2024.
• Last year, SFC increased its turnover by 22.5% to 144.75 million euros, according to the statement.
• The company thus reached the upper end of its forecast.
• Adjusted EBITDA grew by 45.2 percent to 22 million euros and was better than SFC had recently forecast.

Citigroup raises thyssenkrupp price target $TKA (-0,89 %)and praises Marine IPO

• The US bank Citigroup has raised its target price for Thyssenkrupp from 5.50 to 8.50 euros and left its rating at "Buy".
• Cash, price drivers, options - the steel and industrial group has all this practically in abundance, wrote analyst Ephrem Ravi in his reassessment published on Tuesday.
• The only decisive factor for success is implementation.
• The spin-off of the marine division and the further reduction of the steel business could create enormous value.
• The marine division alone could cover the current market capitalization of the entire group.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Compania de Distribucion Integral Logista Holdings EUR 1.53
• CDW Corporation USD 0.63

• Quarterly figures / company dates USA / Asia
• 12:00 Home Depot annual results
• 14:30 Paypal Investor Day
• 17:00 Apple AGM

• Quarterly figures / Company dates Europe
• 07:00 Fresenius Medical Care | Heidelberg Materials | Hamborner Reit Annual results
• 07:30 Raiffeisen Bank International | SFC Energy | Uniper Annual Results
• 08:00 Flatexdegiro Annual results
• 08:30 Uniper Analyst Conference
• 09:00 Flatexdegiro PK
• 10:00 Fresenius Medical Care | Heidelberg Materials BI-PK
• 11:00 Hamborner Reit Analyst and Press Conference | Uniper BI-PK
• 14:00 Fresenius Medical Care | Heidelberg Materials | Flatexdegiro Analyst Conference
• 18:00 ASM International annual figures
• 22:00 Alcon annual figures

Economic data

08:00 DE: GDP (2nd release) 4Q calendar and seasonally adjusted yoy FORECAST: -0.2% yoy 1st release: -0.2% yoy 3rd quarter: +0.1% yoy calendar adjusted yoy FORECAST: -0.2% yoy 1st release: -0.2% yoy 3rd quarter: -0.3% yoy

08:00 DE: Main construction sector, new orders and sales December

08:00 DE: Maastricht ratio (government revenue and expenditure) 2024

11:00 EU: ECB wage index

11:00 DE: Governing Council member Nagel, press conference on the presentation of the Bundesbank Annual Report 2024

11:00 DE: Deutsche Bundesbank, Balance sheet press conference with President Nagel

14:00 UK: ECB Director Schnabel, speech at conference on "The Future of the Central Bank Balance Sheet"

14:00 HU: Hungarian Central Bank results of the Monetary Policy Council

16:00 US: Consumer Confidence Index February FORECAST: 102.4 previous: 104.1

17:45 US: Fed Governor Barr, speech at "Yale Program on Financial Stability" event

19:00 US: Fed Richmond President Barkin, speech at the Rotary Club of Richmond

What stocks are you focusing on for a possible peace in Ukraine? Some building materials stocks, such as $HEI (+4,52 %) Heidelberg M. have unfortunately already done well. $WIE (+5,65 %) Wienerberger has just started to rise. I am looking forward to your ideas or inputs...

From the $HEI (+4,52 %) and $WFC (+2,41 %) sales, some cash goes into the clearing account and most of it into a small position $ADBE (+3,63 %) . Although the stock has actually been performing well for a long time, an attractive opportunity could now present itself.

Dusted off perfectly and cheaply in the Corona Crash, a small partial position in Wells Fargo goes. As with $HEI (+4,52 %) also sold with a massive plus today to take some risk out of the position and put it into a new investment.

After a comparatively short holding period, I reduce my position in what was actually a "boring" investment with a gain of more than 200%. Good timing and a bit of luck probably had a hand in this.

If the war hopefully ends soon, I see potential here, what do you say?

Analyst updates, 05.12.

⬆️⬆️⬆️

• HSBC upgrades SIEMENS to Hold. Target price EUR 185. $SIE (+3,41 %)
• DEUTSCHE BANK RESEARCH raises the price target for MUNICH RE from EUR 450 to EUR 535. Hold. $MUV2 (+1,87 %)
• DEUTSCHE BANK RESEARCH raises the price target for HANNOVER RÜCK from EUR 255 to EUR 294. Buy. $HNR1 (+0,33 %)
• DEUTSCHE BANK RESEARCH raises the price target for TALANX from EUR 70 to EUR 76. Hold. $TLX (+1,9 %)
• JEFFERIES raises the price target for ORACLE from 190 USD to 220 USD. Buy. $ORCL (+0,3 %)
• HAUCK AUFHÄUSER IB raises the target price for MTU from EUR 264 to EUR 280. Sell. $MTX (+3,45 %)
• BARCLAYS upgrades AUTO1 from Equal-Weight to Overweight and raises target price from EUR 9 to EUR 19. $AG1 (+14,49 %)
• JPMORGAN raises the price target for HELLOFRESH from EUR 14 to EUR 16. Overweight. $HFG (+3,47 %)
• JPMORGAN raises the target price for DELIVERY HERO from EUR 42 to EUR 55. Overweight. $DHER (-1,05 %)
• JPMORGAN raises the price target for CTS EVENTIM from EUR 104 to EUR 112. Overweight. $EVD (+2,22 %)
• JPMORGAN raises the target price for SCOUT24 from EUR 92 to EUR 105. Overweight. $G24 (+3,62 %)
• JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 16.02 to GBP 18.32. Overweight. $TKWY (+1,05 %)
• JPMORGAN upgrades DELIVEROO from Neutral to Overweight and raises target price from GBP 1.70 to GBP 1.92. $ROO (+2,17 %)
• JPMORGAN raises the price target for HEIDELBERG MATERIALS from EUR 150 to EUR 151. Overweight. $HEI (+4,52 %)
• JPMORGAN raises the price target for FRAPORT from EUR 49 to EUR 59. Neutral. $FRA (+2,84 %)

⬇️⬇️⬇️

• METZLER lowers the price target for HYPOPORT from EUR 220 to EUR 185. Sell. $HYQ (+3,13 %)
• ODDO BHF lowers the target price for SCHOTT PHARMA from EUR 38 to EUR 37. Outperform. $1SXP (+0,76 %)
• BARCLAYS lowers the target price for RIO TINTO from GBP 61 to GBP 60. Overweight. $RIO (+1,71 %)
• JPMORGAN downgrades STRÖER from Overweight to Neutral and lowers target price from EUR 79 to EUR 57. $SAX (-0,22 %)