|Bid||57.81 x 139300|
|Ask||57.82 x 16500|
|Day's Range||57.35 - 58.64|
|52 Week Range||57.35 - 98.80|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||9.01|
|Earnings Date||Feb 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- BASF SE fell as much as 5.5 percent after the German chemical manufacturer cut its profit forecast Friday, making the industry’s SX4P the worst performing index on the region’s benchmark Monday. The company cited a drop in chemical prices, a low Rhine water level, an automotive slump and fallout from the U.S. trade spat with China.
Simmering U.S-Chinese trade tensions dented European shares on Monday as investors fled risk at the start of a highly uncertain week, with Britain's parliamentary vote on Brexit also looming and chemicals stocks dented by a BASF profit warning. The pan-European STOXX 600 index fell 0.9 percent to hit a fresh two-year low, with Britain's FTSE 100 down 0.4 percent and Germany's DAX down 0.8 percent at around 0930 GMT. Oil stocks fell 1.1 percent, erasing their 2018 gains.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to Read More...
(BAS.XE) has lowered its forecast for full-year earnings before interest and taxes, citing pricing pressures at its chemicals division, higher-than-expected costs related to low water levels on the Rhine river, and a decline in its auto industry business. BASF said a sharp drop in isocyanate prices and lower margins for steam crackers at its chemicals division were the main reason for the guidance cut, but also noted that it now expects the effects of the Rhine’s low water levels will cost it up to 200 million euros ($227.5 million) in the fourth quarter, more than previously anticipated. BASF in October said it had to reduce production because the low water levels restricted raw-material supplies and reduced the availability of water, which it uses for cooling processes.
The fall was prompted by a trading update, in which BASF said it expected a “considerable decrease” in earnings before interest and tax (and special items) from operations in 2018. For group ebit, BASF said it “continues to expect a considerable decline,” despite an expected rise in sales of up to 5 per cent.
Simmering tensions between the U.S. and China dented European shares on Monday as investors fled risk at the start of a highly uncertain week with Britain's parliamentary vote on Brexit looming. The pan-European STOXX 600 index fell 0.8 percent to hit a two-year low once more by 0830 GMT, with Britain's FTSE 100 down 0.3 percent. Germany's DAX, the most sensitive to China due to its big exporters, fell 0.9 percent.
Germany's BASF (BASFn.DE) slashed its forecast for 2018 profits on Friday, saying the decline was mainly due to its chemicals segment while low water levels on the Rhine and weak automotive demand especially in China were also to blame. BASF said in a statement that it now expected earnings before interest and tax before special items (EBIT) to decline by 15-20 percent from last year's 7.6 billion euros ($8.6 billion), compared to an earlier forecast of a 10 percent fall. The chemicals giant became the latest company to admit to the pain being inflicted on Europe's largest economy and leading export nation by mounting trade frictions between the United States and China.
The CRAs will be backed by trade receivables originated by BASF S.A. (BASF Brazil, not rated), subsidiary of BASF (SE) (A1 long term rating, global scale, outlook stable), related to the sale of defensives for crop protection to agricultural producers, distributors and cooperatives. Certain issues relating to this transaction have yet to be finalized.
Germany will not withdraw its political support for the Nord Stream 2 gas pipeline with Russia, its foreign minister said on Monday, as some lawmakers suggested curtailing the project to punish Moscow for its seizure of Ukrainian ships and their crew. Russia is resisting international calls to release three Ukrainian ships seized last month in the Kerch Strait, which controls access to the Sea of Azov near the Crimea region that Moscow annexed from Ukraine in 2014.
BERLIN (AP) — Chemical giant BASF says it will have to stop production of a component of polyurethanes at its main plant in Germany because low water levels in the Rhine river are impeding its ability to transport raw materials to the site.
BASF SE (FRA:BAS) has pleased shareholders over the past 10 years, by paying out dividends. The company is currently worth €60b, and now yields roughly 4.7%. Should it have a Read More...
German chemicals giant BASF (BASFn.DE) is betting on a new recipe for electric car batteries which stretches the time between charges while cutting dependence on nickel to help shave costs and grab more of a growing market. It is part of flurry of activity in the sphere of cathodes materials, a major component of battery cells for an anticipated switch to electric vehicles (EV) due to clean air regulation. At the moment BASF and others, including Belgium's Umicore (UMI.BR), a market leader, are boosting the nickel content to allow more energy storage and replace expensive cobalt, which is largely sourced from mines in Congo, where exploitation is rife.
BASF (BASFn.DE) will launch cost cuts to boost annual earnings by 2 billion euros (1.78 billion pounds) from 2021 to counter slower profit growth, the German chemicals maker said on Tuesday. Under the programme, BASF said it would aim for 3 to 5 percent annual growth in earnings before interest, taxes, depreciation and amortisation (EBITDA) after averaging 8 percent a year since 2012. The programme to shore up EBITDA "will include measures focused on production, logistics, research and development as well as digitalisation and automation activities and organizational development," it said in a statement.
(BAS.XE) is aiming to increase profitability by sharpening its portfolio and implementing a series of measures related to production, logistics, and R&D, the chemicals group said Tuesday as it released a new strategic plan. This will allow BASF to increase earnings before interest, taxes, depreciation and amortization before special items by between 3% and 5% a year, the company said. Streamlining the current divisional structure to include six major segments will also help the group deliver its targets, BASF said.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- UK packaging business DS Smith to acquire Spanish corrugated packing ...
The German chemical and pharmaceutical group said 9,300 plaintiffs have now brought lawsuits over glyphosate-based weedkillers made by the recently acquired Monsanto group, compared with 8,700 at the end of August.
BRUSSELS, Nov 12 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS None NEW LISTINGS -- U.S. global supplier ...
Investors pursuing a solid, dependable stock investment can often be led to BASF SE (FRA:BAS), a large-cap worth €64.1b. Big corporations are much sought after by risk-averse investors who find Read More...
The United States maintains the option of imposing sanctions over the construction of the Nord Stream 2 pipeline, which would bring Russian gas direct to Germany under the Baltic Sea, U.S. Energy Secretary Rick Perry said on Thursday. Russia's Gazprom is the sole shareholder in Nord Stream 2, shouldering 50 percent of the 9.5 billion euro bill.
Moody's Investors Service ("Moody's") affirmed the A3 and Prime-2 ratings of E.I. du Pont de Nemours and Company (DuPont) and changed the outlook on the ratings to stable from negative. The action is in response to the company's disclosure of its plan for the balance sheet of DuPont, which is expected to become wholly owned by a new legal entity, Corteva, Inc. On June 1st, 2019, Corteva Inc. (Corteva) is expected to be spun off from DowDuPont, and any existing rated debt of DuPont will become the obligations of Corteva.
In its latest example of innovation performance, BASF has developed HertzstückTM, a groundbreaking infrared detector that may soon transform smartphones into pocket-sized portable laboratories. This new detector will enable consumers to use their phones to analyze food – for example, to measure the fat content of curd cheese, as shown in the infographic. The innovative near infrared sensor for wavelengths of 1‑3 µm was developed by the startup trinamiX, a company founded by BASF researchers in Ludwigshafen, Germany, in 2015.
Moody's Investors Service ("Moody's") has assigned a B3 Corporate Family Rating ("CFR") and B3-PD probability of default rating to Solenis Holdings LLC, as Solenis Holdings LLC is the borrower of the term loans after the acquisition of BASF assets. At the same time, Moody's has withdrawn the B3 CFR and B3-PD probability of default rating on Solenis International LLC. Moody's has also affirmed the B2 rating on the first lien revolving credit facility, which will be upsized by $175 million to $375 million, the B2 rating on the first lien term loan, which will be upsized by $550 million to about $1.8 billion, as well as the Caa1 rating on the $400 million second lien term loan.
The U.S. Environmental Protection Agency said on Wednesday it would allow farmers to spray a controversial weed killer made by Bayer AG's Monsanto Co and BASF SE for two more years, with additional restrictions on use. The agency said the herbicide, called dicamba, is an important tool for controlling weeds in crop fields.
The U.S. Environmental Protection Agency said on Wednesday it would allow farmers to spray a controversial weed killer made by Bayer AG's Monsanto Co and BASF SE for two more years, with additional restrictions on use. Farmers have complained that the herbicide called dicamba drifts away after it is sprayed on soy and cotton plants that Monsanto engineered to resist it.