13022025

World's largest battery manufacturer CATL plans mega IPO + Siemens with jump in profits + Redcare and DocMorris weak because of renewed fear of Amazon + Tesla with stabilization approach after series of losses + Thyssenkrupp lowers sales forecast and focuses on marine industry + US inflation rate rises surprisingly

World's largest battery manufacturer CATL plans mega IPO

Chinese battery manufacturer Contemporary Amperex Technology (CATL) is on the verge of a mega IPO.
The world's largest manufacturer of e-car batteries submitted the corresponding application to the Hong Kong Stock Exchange HKEX on Wednesday, confirming rumors of a secondary listing that have persisted for some time.
The company from the southern Chinese city of Ningde is already listed on the Shenzhen stock exchange.
As the news agency Bloomberg reported, CATL could now raise more than five billion US dollars with the listing in Hong Kong.
The battery company intends to use this money primarily to finance investments in the plant currently under construction in Hungary, according to the listing prospectus.
https://www.handelsblatt.com/unternehmen/industrie/elektromobilitaet-weltgroesster-batteriehersteller-catl-plant-mega-boersengang/100107367.html

Siemens $SIE (-0,45%)with jump in profits but automation continues to weaken

Thanks to the sale of its subsidiary Innomotics, the technology group Siemens earned significantly more at the start of the year.
Earnings after tax rose to 3.9 billion euros in the three months to the end of December, as the company announced in Munich on Thursday.
Siemens received 3.1 billion euros from the sale.
In the previous year, the profit amounted to just under 2.6 billion euros.
In operational terms, however, Siemens recorded a decline due to the continuing weakness in the automation business.
The result of the industrial business fell by eight percent to 2.5 billion euros.
The largest contributions to earnings came from the intelligent infrastructure (SI) business and the medical technology subsidiary Siemens Healthineers .
On a comparable basis, sales rose by three percent to just under 18.4 billion euros.
This figure excludes currency and portfolio effects.
Siemens performed slightly better than analysts expected for both key figures.
The Group confirmed its forecast for the year.

Redcare $RDC (-1,39%)and DocMorris $DOCM (-1,46%)weak because fear of Amazon again $AMZN (-2,39%)

New concerns about powerful competition from Amazon briefly put more pressure on the shares of Redcare Pharmacy and DocMorris on Wednesday afternoon.
At times, Redcare fell by 4 percent to its low for the year.
Most recently, it traded at 115.50 euros again, down just under 3 percent.
DocMorris fell by a good 2 percent in Zurich.
The reason for this was probably UBS expert Olivier Clavet's comment on the opening of the "Amazon Parafarmacia & Beauty" in Milan city center.
Although the move itself is relatively insignificant, the license and the intention to expand into beauty and personal care products are not.
According to Calvet, Redcare does not break down the share within non-prescription products.
However, he believes that the Beauty and Personal Care (BPC) business is an important earnings driver

Tesla $TSLA (-4,32%)
with stabilization approach after series of losses

Tesla shares rose noticeably on Wednesday after five consecutive days of weak trading.
Most recently, the shares were up 3.6 percent at 340.25 US dollars.
Traders referred to a positive analyst study.
The experts at Benchmark Research gave the shares a "buy" rating and a target price of 475 dollars.
Autonomous driving and robotics are seen as growth drivers, as is the further market penetration of electric vehicles.
Since the presentation of disappointing quarterly figures at the end of January, the shares of the electric car manufacturer led by tech billionaire Elon Musk have lost more than 22% at their peak.
For the year to date, this still represents a drop of around 16 percent.
Tesla missed Wall Street's expectations with its sales and earnings figures for the past quarter. In the previous year, the e-car manufacturer had also suffered its first decline in deliveries for more than a decade.
Musk himself said that he sees Tesla "between two waves of growth".
He is focusing primarily on autonomous driving technology and presented the prototype of a robotaxi without a steering wheel or pedals in October.
Since the election of Donald Trump as the new US president at the beginning of November, Tesla shares have been virtually unstoppable and had been rushing from record to record by mid-December.
This resulted in an annual gain of more than 60 percent.
Major shareholder Musk had strongly supported Trump during the US election campaign and has since been considered one of the future president's most influential advisors.
Tesla investors are primarily hoping that the car manufacturer will receive approval for more far-reaching autonomous driving more quickly under Trump.
Critics of Tesla point to the industry pioneer's ageing model range.

US inflation rate rises surprisingly - to 3.0 percent

US inflation rose surprisingly at the start of the year.
Consumer prices rose by 3.0% year-on-year in January, faster than the 2.9% increase in December.
This was announced by the Department of Labor in Washington on Wednesday.
Economists polled by Reuters had also expected 2.9 percent for January.
From December to January, prices rose by 0.5 percent.
Experts had only expected an increase of 0.3 percent.
The US Federal Reserve, which is supposed to ensure stable prices and promote full employment, recently left the key interest rate in the range of 4.25 to 4.50 percent.
This ended, for the time being, the series of cuts that began in September.
When pausing interest rates, the central bank referred to the increased pace of price rises.
As Fed Chairman Jerome Powell recently confirmed, the US monetary authorities are in no hurry to lower interest rates further in view of the healthy economy.
They also want to wait and see what economic consequences the policy of punitive tariffs introduced by US President Donald Trump will have.
Tariff hurdles harbor a new inflation risk, as they are likely to make imports from the countries affected more expensive.
According to experts, the sharp rise in the cost of living in the USA in recent years is one of the reasons why Trump is likely to win the White House again on 20 January.
Trump was able to move into the White House again on January 20.

Thyssenkrupp $TKA (+0,54%)lowers sales forecast due to weak demand and the ray of hope is the marine industry

The industrial group Thyssenkrupp has had a mixed start to the year.
Demand in the steel and automotive business as well as in trading remained rather weak.
One bright spot was the marine business, which grew significantly.
New business in particular developed strongly, as Thyssenkrupp announced in Essen on Thursday.
Group CEO Miguel López wants to spin off the division.
Work is continuing "at full speed" on the spin-off "in order to position the business in the best possible way to process the high order backlog and the continuing high level of customer interest in view of the changed security policy environment", he said when publishing the quarterly figures.
In the three months to the end of December, thyssenkrupp's sales fell by four percent to 7.8 billion euros, which was significantly below expectations.
In addition to weak demand, lower steel prices also had a negative impact.
Adjusted earnings before interest and taxes, on the other hand, rose from 84 million to 191 million euros, which was a positive surprise.
The company benefited from the ongoing restructuring program as well as lower raw material and energy prices.
Above all, the profitability of the steel business increased.
On the bottom line, thyssenkrupp posted a loss of 51 million euros and thus performed significantly better than in the same quarter of the previous year, when a loss of 314 million euros was also incurred due to depreciation and amortization.
Thyssenkrupp lowered its sales forecast for the current financial year 2024/25 due to weak demand and now expects a range of minus three to 0 percent.
Previously, the company had assumed a range of 0 to plus three percent.
However, the earnings forecasts were confirmed.
Due to advance payments in connection with a comprehensive order extension for four submarines at Marine Systems, thyssenkrupp raised its expectations for the cash inflow, which was widely observed by analysts.
Free cash flow before mergers and acquisitions is expected to reach up to 300 million euros.
The company had previously forecast an outflow of 200 to 400 million euros.
Analysts had previously expected a cash inflow of 100 million euros.

Thursday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks
Shell USD 0.36
Equinor NOK 0.35

Quarterly figures / company dates USA / Asia
07:30 Sony annual result
08:00 Honda Motor annual results
09:25 Nissan quarterly figures
12:30 GE Healthcare annual results
13:00 Altice quarterly figures
21:00 Airbnb annual results
No time specified: Deere & Co | Baxter International | Applied Materials Quarterly figures

Quarterly figures / Company dates Europe
07:00 Siemens | Thyssenkrupp | Thyssenkrupp Nucera | Nestle | Commerzbank | Schott Pharma | DSM-Firmenich | Bertrandt | KWS Saat | Takkt Annual results
07:00 Fraport traffic figures January
07:30 Adyen | Douglas | MVV Energie | Orange Annual Results | Delivery Trading Update 4Q | Siemens PK
08:00 Barclays Annual Results | British American Tobacco | Unilever | Relx Annual Results
08:30 Siemens Analyst Conference
09:00 Nestle PK | Commerzbank Analyst Conference
10:00 Siemens AGM
10:30 Nestle Analyst Conference | Commerzbank BI-PK
11:00 Schott Pharma Analyst Conference | Thyssenkrupp Analyst and Press Conference
14:30 Commerzbank Capital Markets Day

Economic data

08:00 DE: Consumer prices (final) January PROGNOSE: -0.2% yoy/+2.3% yoy Preliminary: -0.2% yoy/+2.3% yoy Previous: +0.5% yoy/+2.6% yoy HICP PROGNOSE: -0.2% yoy/+2.8% yoy Preliminary: -0.2% yoy/+2.8% yoy Previous: +0.7% yoy/+2.8% yoy

08:00 UK: GDP (1st release) 4Q FORECAST: 0.0% yoy/+1.2% yoy Q3: +0.1% yoy/+1.0% yoy | GDP month December | Trade Balance December | Industrial Production December

08:30 CH: Consumer prices January FORECAST: +0.4% yoy previously: +0.6% yoy

11:00 EU: Industrial Production December Eurozone OUTLOOK: -0.5% yoy/-3.6% yoy previously: +0.2% yoy/-1.9% yoy

14:30 US: Initial jobless claims (week) FORECAST: 215,000 previous: 219,000

14:30 US: Producer Prices January PROGNOSE: +0.3% yoy previous: +0.2% yoy Core rate (excluding food and energy) PROGNOSE: +0.3% yoy previous: 0.0% yoy