Maersk

Analyst updates, 14.11. 👇🏼

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- JEFFERIES raises the price target for TESLA from USD 195 to USD 300. Hold. $TSLA (-2,56%)

- WARBURG RESEARCH raises the price target for INIT from EUR 49.50 to EUR 53. Buy $INIT

- WARBURG RESEARCH raises the price target for DEUTSCHE BANK from EUR 21.10 to EUR 21.30. Buy. $DBK (+0,89%)

- DEUTSCHE BANK RESEARCH raises the price target for AUTO1 from EUR 11 to EUR 12. Buy. $AG1 (-1,36%)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS ENERGY from EUR 43 to EUR 52. Buy. $ENR (+0,22%)

- BERENBERG raises the price target for SCOUT24 from EUR 83 to EUR 110. Buy. $G24 (-0,64%)

- GOLDMAN raises the target price for RIVIAN from USD 10 to USD 12. Neutral. $RIVN (-1,15%)

- GOLDMAN raises the price target for MOLLER-MAERSK from DKK 12000 to DKK 12300. Neutral. $MAERSK B (-0,17%)

- UBS raises the price target for CISCO from USD 55 to USD 62. Neutral. $CSCO (-1,02%)

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- WARBURG RESEARCH downgrades PORSCHE SE from Buy to Hold and lowers price target from EUR 60 to EUR 36. $PAH3 (+0,77%)

- WARBURG RESEARCH lowers the price target for EXASOL from EUR 6.30 to EUR 6. Buy. $EXL (-1,69%)

- WARBURG RESEARCH lowers the price target for BRENNTAG from EUR 75 to EUR 69. Buy. $BNR (-1,07%)

- WARBURG RESEARCH lowers the price target for INFINEON from EUR 43 to EUR 39. Buy. $IFX (-0,64%)

- DEUTSCHE BANK RESEARCH lowers the price target for VERBIO from EUR 20 to EUR 17. Hold. $VBK (+7,56%)

- DEUTSCHE BANK RESEARCH lowers the price target for JENOPTIK from EUR 45 to EUR 39. Buy. $JEN (-0,53%)

- DEUTSCHE BANK RESEARCH lowers the price target for ELRINGKLINGER from EUR 6 to EUR 4.50. Hold. $ZIL2 (-0,06%)

- DEUTSCHE BANK RESEARCH lowers the price target for BAYER from EUR 29 to EUR 23. Hold. $BAYN (+0,23%)

- HAUCK AUFHÄUSER IB lowers the target price for SAF-HOLLAND from EUR 30 to EUR 28. Buy. $SFQ (+0,48%)

- KEPLER CHEUVREUX lowers the target price for RWE from EUR 40 to EUR 36. Buy. $RWE (+0,18%)

- METZLER lowers the price target for JUNGHEINRICH from EUR 42 to EUR 38. Buy. $JUN3 (+0,27%)

- BARCLAYS lowers the target price for RTL from EUR 33 to EUR 26.50. Equal-Weight. $RTLL (-1,02%)

- BERENBERG downgrades VESTAS from Buy to Hold and lowers target price from DKK 180 to DKK 120. $VWS (+0,64%)

10.09.2024

Oracle exceeds expectations +
JPMorgan resumes Hapag-Lloyd with 'Underweight' + China's exports rise faster than expected + Apple presentation hardly moves

Oracle $ORCL (-1,05%) reported first-quarter results late Monday that beat Wall Street estimates, driven by the strength of the software maker's cloud offerings. Adjusted earnings per share rose to $1.39 in the three months through August from $1.19 a year earlier, beating the consensus of $1.33 polled by Capital IQ. Revenue rose 7% to $13.31 billion, beating analysts' estimate of $13.24 billion. Shares rose 7.9% in after-hours trading. Cloud services and license support revenue rose 10% to $10.52 billion, while the cloud licenses and on-premise licenses segment grew 7% to $870 million. The hardware and services segments recorded declines of 8% and 9% respectively. Oracle's remaining performance obligations - future obligations from contractual relationships - increased 53% to a record $99 billion, which will accelerate revenue growth throughout fiscal 2025.

The US bank JPMorgan $JPM (-0,81%) has increased the valuation of the shares of Hapag-Lloyd $HLAG (+0,59%) with an "Underweight" rating and a price target of 85 euros. In the European transportation and logistics sector, analyst Alexia Dogani focuses on companies with strong competitive positions with high entry barriers and significant pricing power such as DHL $DHL (+0,09%) and InPost $INPST (-1,01%). She also likes companies such as DSV $DSV (-0,65%) and Kuehne + Nagel $KNIN (-0,02%)which have consolidated the market in order to improve cost development through economies of scale and leverage. On the other hand, she is skeptical about container shipping companies such as Moller-Maersk $MAERSK B (-0,17%), ZIM $ZIM (+0,78%) and Hapag-Lloyd. Dark clouds are gathering over them, as interest rates have peaked and the supply of capacity continues to increase.

A glimmer of hope for China's economic recovery: exports from the second-largest economy grew more strongly than expected in August. According to data from the Beijing customs authority, exports rose by 8.7 percent year-on-year to the equivalent of 309 billion US dollars (around 280 billion euros). This means that Chinese exports have increased for the fifth month in a row. Imports increased by 0.5 percent. Analysts had previously expected exports to increase by 6.6 percent, while they expected imports to rise by 2.5 percent.

In the context of the presentation of new AI-enabled iPhones and other innovations, the share price rose by Apple $AAPL (-1,1%) (unchanged) were volatile within narrow limits, but turned slightly positive at the end. According to JP Morgan analyst Samik Chatterjee, a large part of the new developments had already been leaked via leaks in the supply chain.

• iPhone 16 Pro (Max) & 16 (Plus): Larger batteries and the A18 (Pro) for the same price
• Apple AirPods 4: New design and ANC for the open in-ears
• Apple Watch 10: Thinner smartwatch with new OLED display and new water sensors
• Apple Watch: not an Ultra 3, but a black Ultra 2

Tuesday: Stock market dates, economic data, quarterly figures

Quarterly figures / company dates USA / Asia

17:00 Boeing deliveries 8/24

18:00 Nike AGM

Untimed: Gamestop Corporation quarterly figures

Quarterly figures / Company dates Europe

11:00 Jost Werke Capital Markets Day

Untimed: Renk Group Capital Markets Day

Economic data

• 04:00 CN: Foreign trade August trade balance PROGNOSE: +80.00 bn USD previous: +84.65 bn Euro Exports PROGNOSE: +6.6% yoy previous: +7.0% yoy Imports PROGNOSE: +2.5% yoy previous: +7.2% yoy
• 08:00 DE: Consumer prices (final) August PROGNOSE: -0.1% yoy/+1.9% yoy Preliminary: -0.1% yoy/+1.9% yoy Previous: +0.3% yoy/+2.3% yoy HICP PROGNOSE: -0.2% yoy/+2.0% yoy Preliminary: -0.2% yoy/+2.0% yoy Previous: +0.5% yoy/+2.6% yoy
• 08:00 UK: Labor market data August unemployment benefit recipients Unemployment rate 3 months (ILO) FORECAST: 4.2% previous: 4.2%
• 23:59 US: 3h to go until the TV debate between the candidates for the US presidency Kamala Harris and Donald Trump

Let's see where the journey takes us 😉

Probably too expensive and too late

Fewer and fewer shipping companies are sailing through the Suez Canal. The reason for this is the attacks by the Huthi rebels. The price of oil and freight rates are already rising.

Is this fueling inflation again? The exploding freight rates were one of the main reasons for inflation. Can the shipping companies repeat their record year 2022?

Do you have any thoughts on this?

https://www.bbc.com/news/business-67748605

https://m.focus.de/finanzen/news/rebellen-greifen-frachter-an-droht-naechster-preisschock-schiffer-meiden-suezkanal_id_259506340.html

$MAERSK A (+0,03%)
$MAERSK B (-0,17%)

$HLAG (+0,59%)

$MSC

$600428

$MAERSK B (-0,17%) the rise of the last two days is only due to the announcement of the fed to lower interest rates, or have I missed some other important news?

😄 I'm curious to see if it was a good idea yesterday (almost exactly at the low point) $HLAG (+0,59%) and $MAERSK B (-0,17%) to buy, or stupid 😄

$MAERSK A (+0,03%)
$MAERSK B (-0,17%)
$AMKBY (+0%)

Has anyone here ever applied for the withholding tax refund from Denmark? I have applied for this in mid - late April but have not received anything back yet. No notification that an application has been received, no money, nothing. Does anyone have any experience? On google someone had written, he had only waited 4 weeks but much can not be found.

By the way, I needed a notice of tax residency in DE from the tax office and then they told me that I am now subject to income tax return because I own shares ... After 20 minutes on the phone with someone who was unfortunately not very competent, nothing has changed. Do I care then next year again drum that I am taken out of the duty hopefully again, for this year I do eh a..

Yesterday still big-headed rumgetönt - I no longer buy under 500 euros... no 24h later but again become weak. Was probably a frustration purchase because I $MAERSK B (-0,17%) with my provider do not get into the depot.

Can anyone tell me the difference between the two? $MAERSK A (+0,03%) and $MAERSK B (-0,17%) except that the price differs by 20 euros, the same amount of dividend is distributed at the end of the month.