BHP Group Plc

BHP Billiton is a resources company. Co. extracts and processes minerals, oil and gas, primarily in Australia and the Americas. Co. operates four reportable segments: Petroleum, which is engaged in the exploration, development and production of oil and gas; Copper, which is engaged in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron Ore, which is engaged in the mining of iron ore; and Coal, which is engaged in the mining of metallurgical coal and energy coal. Co.'s Petroleum unit comprises conventional and unconventional oil and gas assets, and includes exploration, development and production activities.
  • TickerBHP
  • ISINGB00BH0P3Z91
  • ExchangeLondon Stock Exchange
  • SectorMining
  • CountryUnited Kingdom

Analysts

Alain William ...
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/15/2019

Insurers are better equipped than a few years ago to cope with the low interest rate environment. With earnings per share set to continue to grow, the market is likely to focus primarily on solvency margin levels. We believe that they should remain within the target ranges as long as the German 10-year rate does not fall below -1.5%. We reiterate our Buy rating on AXA (target price of € 28). - Cf. company report published last evening. - ...

Alain William ...
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 10/15/2019

...

Alain William ...
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 15/10/2019

...

Alain William ...
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/10/2019

...

Alain William

ODDO : The Q3 results and Q4 outlook might well be disappointing

>A very challenging Q3 2019 - The operating environment was challenging in Q3 2019. It is characterised by: i/ the lag effect on prices in Q3 caused by the decline in spot prices in Q2; ii/ the decline in volumes with a more marked seasonal impact in Europe; iii/ the persistently high level of input costs (notably iron ore prices); and iv/ the marked decrease in the price of scrap which is weighing on market sentiment. Also note that the series of price hikes over the...

BHP: Credit opinion update

Our credit view of BHP reflects its robust financial profile, strong cost position and disciplined financial policy which supports its resilience against volatility in commodity prices.

Alain William

ODDO : The Q3 results and Q4 outlook might well be disappointing

>A very challenging Q3 2019 - The operating environment was challenging in Q3 2019. It is characterised by: i/ the lag effect on prices in Q3 caused by the decline in spot prices in Q2; ii/ the decline in volumes with a more marked seasonal impact in Europe; iii/ the persistently high level of input costs (notably iron ore prices); and iv/ the marked decrease in the price of scrap which is weighing on market sentiment. Also note that the series of price hikes over the...

Alain William

ODDO : Les résultats du T3 et les perspectives pour le T4 risquent de décevoir

>Un T3 2019 très compliqué - L’environnement opérationnel a été difficile au T3 2019. Il s’est caractérisé par : 1/ l’impact décalé sur les prix réalisés de la baisse des prix spots au T2 ; 2/ le recul des volumes avec une saisonnalité plus marquée en Europe ; 3/ le niveau toujours élevé du coût des inputs (notamment le prix du minerai de fer) et 4/ la forte chute du prix de la ferraille qui pèse sur le sentiment de marché. Notons également que la série de hausses de ...

Alain William

ODDO : An end-2019 to forget. Outokumpu Neutral vs Buy

>More marked seasonal effect in 2019 in Europe - The stainless steel market remained challenging in Q3 2019. Apart from the typical slowdown in Europe, demand was further penalised by high import volumes from Asia and the sluggishness of some client segments notably automotive and household appliances, with the rest of the sectors stable. Distributors stocks have fallen below the average level but remain high relative to lacklustre consumption. The base prices were ap...

Alain William

ODDO : Une fin d’année 2019 à oublier. Outokumpu Neutre vs Achat

>Une saisonnalité plus marquée cette année en Europe - Le marché de l'acier inoxydable est resté difficile au T3 2019. Outre le ralentissement saisonnier typique en Europe, la demande a encore été pénalisée par les volumes d'importation élevés en provenance d'Asie et par la faiblesse de certains segments de clientèle notamment l’automobile et l’électroménager, le reste des segments étant stable. Les stocks des distributeurs ont été réduits à des niveaux inférieurs à l...

Wade Napier ...
  • Warwick Bam

BHP Billiton | ESG | Leading the peers

BHP continues to enhance its approach to governance and sustainability. In this note, we reflect on: • Changes to BHP's remuneration policy which aims to increase focus on shareholder value, • Succession planning in light of BHP's small Board, and • Advisory resolutions which in principle give shareholders increased opportunity to engage with BHP leadership.

Alain William ...
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/15/2019

Insurers are better equipped than a few years ago to cope with the low interest rate environment. With earnings per share set to continue to grow, the market is likely to focus primarily on solvency margin levels. We believe that they should remain within the target ranges as long as the German 10-year rate does not fall below -1.5%. We reiterate our Buy rating on AXA (target price of € 28). - Cf. company report published last evening. - ...

Alain William ...
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 10/15/2019

...

Alain William ...
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 15/10/2019

...

Alain William ...
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/10/2019

...

Alain William ...
  • Anis Zgaya
  • Azza Khalfallah
  • Jerôme Bodin
  • Khaled Ben Amor
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Sylvain Goyon, CFA

ODDO BHF Small & MIDCAP MORNING NEWS - 10/09/2019

...

Philip Morrish

Value Indicator - UK Basic Resources 14102019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 14102019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 07102019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of companies on the London Stock Exchange's main market that provides the reader with longer-term indicative target prices.

Philip Morrish

Value Indicator - UK Basic Resources 23092019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the UK Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 23092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of companies quoted on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

MarketLine Department

Southern Copper Corporation - Strategy, SWOT and Corporate Finance Report

Summary Southern Copper Corporation - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Southern Copper Corporation (SCC), a subsidiary of Americas Mining Corporation, is a mining company. Its major products include copper, zinc, molybdenum and silver. It operates mining, smelting, and refining facilities in Peru and Mexico and conducts exploration activities in Arg...

Expert Corporate Governance Service (ECGS)

BHP Group Plc - 17 October 2019

The Company operates as a Dual Listed Company (DLC). BHP Group plc is incorporated and listed in the UK while BHP Group Ltd is incorporated and listed in Australia. There are two external shareholder resolutions led by the Australasian Centre for Corporate Responsibility (ACCR). Co-filers of the resolutions are Australia’s Vision Super, the Netherlands’ ACTIAM, Denmark’s MP Pension and the Church of England Pensions. This proposal calls the BHP Group to suspend its membership of industry associations whose lobbying activities are not in line with the goals of the Paris Climate and, thus, with ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities consolidating We remain constructive on global equities as the MSCI ACWI, ACWI ex-U.S., and EAFE indexes consolidate above their respective 200-day moving averages. On the other hand, the MSCI EM index is breaking below its 200-day moving average and is flirting with a breakdown below 56,000 support (local currency). Weakness within EM raises concerns that global equities may also succumb to weakness... see charts below. • Global equities consolidating. We take a look at the big picture, providing overviews on broad MSCI indexes (ACWI, ACWI ex-U.S., and EAFE)... see page 2. ...

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