LafargeHolcim

LafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.
  • TickerHOLN
  • ISINCH0012214059
  • ExchangeSix Swiss Exchange
  • SectorConstruction & Materials
  • CountrySwitzerland

Analysts

LAFARGEHOLCIM LTD with less fundamental stars is reduced to Neutral

LAFARGEHOLCIM LTD (CH), a company active in the Building Materials & Fixtures industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 24, 2019, the closing price was CHF 50.22 and its expected value was estimated...

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. ...

Kristoffer Inton

Morningstar | Momentum Continues in LafargeHolcim’s 1Q; Sells Asia-Pacific Assets at Favorable Price

LafargeHolcim provided a trading update that showed strong performance into the first quarter of 2019. On a like-for-like basis, net sales rose more than 6% and recurring EBITDA rose more than 20%. In addition, we were encouraged by the company’s progress on divestments in Indonesia, Malaysia, Singapore, and the Philippines. The company disclosed that it received about 21 times EV to EBITDA for its assets, much higher than multiples traditionally seen in the industry and reflecting the high growth of the region. Although the Asia-Pacific region tends to have high volume growth in developing na...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/05/2019

...

Sven Edelfelt ...
  • Virginie Rousseau

LafargeHolcim : Bolt-ons and (much) more if the affinity’s there

>Continuing the positive trends in April-May - Our comments on the preliminary results can be found in our Flash of 15 May (“Start to the year buoyed by brisk price momentum”) and our takeaways from the conference call are discussed below. A key point is that the trends for April-May are good, as at HeidelbergCement. Generally speaking, the group clearly looks to be gearing up for a transformative acquisition but there are no time constraints. Jan Jenisch's motto is “...

LafargeHolcim Ltd: Recent Strong Performance Supports Rating Confirmation but we Remain Cautious on 2018 EBITDA Guidance

CORPORATES ISSUER IN-DEPTH 14 March 2017 RATINGS LafargeHolcim Ltd. Issuer rating Baa2 Outlook Negative Moody's Investors Service KEY METRICS: 2016 2015 2014 Debt/ EBITDA 4.1x 7.0x 3.4x RCF/net debt

Kristoffer Inton

Morningstar | Momentum Continues in LafargeHolcim’s 1Q; Sells Asia-Pacific Assets at Favorable Price

LafargeHolcim provided a trading update that showed strong performance into the first quarter of 2019. On a like-for-like basis, net sales rose more than 6% and recurring EBITDA rose more than 20%. In addition, we were encouraged by the company’s progress on divestments in Indonesia, Malaysia, Singapore, and the Philippines. The company disclosed that it received about 21 times EV to EBITDA for its assets, much higher than multiples traditionally seen in the industry and reflecting the high growth of the region. Although the Asia-Pacific region tends to have high volume growth in developing na...

Sven Edelfelt ...
  • Virginie Rousseau

LafargeHolcim : Bolt-ons and (much) more if the affinity’s there

>Continuing the positive trends in April-May - Our comments on the preliminary results can be found in our Flash of 15 May (“Start to the year buoyed by brisk price momentum”) and our takeaways from the conference call are discussed below. A key point is that the trends for April-May are good, as at HeidelbergCement. Generally speaking, the group clearly looks to be gearing up for a transformative acquisition but there are no time constraints. Jan Jenisch's motto is “...

Sven Edelfelt ...
  • Virginie Rousseau

LafargeHolcim : Des « bolt-on » et (beaucoup) plus si affinités

>Poursuite des tendances positives en avril-mai - Alors que les commentaires sur les résultats préliminaires sont disponibles sur le Flash du 15/05 (« Un début d’année porté par une bonne dynamique de prix »), nous retenons de la conférence téléphonique, les éléments développés ci-dessous. Point important, les tendances en avril-mai sont bonnes, à l‘instar de HeidelbergCement. D’une manière générale, le groupe se prépare clairement à une acquisition structurante mais ...

Kristoffer Inton

Morningstar | Momentum Continues in LafargeHolcim’s First Quarter; Sells Asia-Pacific Assets at Favorable Price. See Updated Analyst Note from 15 May 2019

LafargeHolcim provided a trading update that showed strong performance into the first quarter of 2019. On a like-for-like basis, net sales rose more than 6% and recurring EBITDA rose more than 20%. In addition, we were encouraged by the company’s progress on divestments in Indonesia, Malaysia, Singapore, and the Philippines. The company disclosed that it received about 21 times EV to EBITDA for its assets, much higher than multiples traditionally seen in the industry and reflecting the high growth of the region. Although the Asia-Pacific region tends to have high volume growth in developing na...

Sven Edelfelt ...
  • Virginie Rousseau

LafargeHolcim : Plus haut, plus vite, plus fort

>Cession des Philippines à un bon prix ! - LafargeHolcim a annoncé la cession de sa participation dans Holcim Philippines pour un montant cash de 2.15°MdCHF (2.15°Md$). L’acquéreur, San Miguel Corp, est un conglomérat du pays présent dans de nombreux secteurs notamment la bière, le pétrole, l’énergie et les infrastructures. Sur la base d’une DN 2018 de 70 MCHF et d’une participation de 85.7%, LafargeHolcim encaisserait un montant cash important de 1.78°MdCHF.Le p...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/05/2019

...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/15/2019

...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/05/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/10/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Delphine Brault
  • Louis Boujard
  • Martial Descoutures
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 02/05/2019

...

LAFARGEHOLCIM LTD with less fundamental stars is reduced to Neutral

LAFARGEHOLCIM LTD (CH), a company active in the Building Materials & Fixtures industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 24, 2019, the closing price was CHF 50.22 and its expected value was estimated...

Nurhayati Wan

LafargeHolcim

Nurhayati Wan

LafargeHolcim

Nurhayati Wan

LafargeHolcim

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Nurhayati Wan

LafargeHolcim

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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. ...

Valérie GASTALDY

Short term view - LAFARGEHOLCIM LTD (EUR) : The trend is bearish.

The trend is bearish. The recovery is a consolidation. Stochastics are at the overbought level. The fall can soon resume toward €38.74. The background trend would be questioned should prices rise above €44.00.

Valérie GASTALDY

Analyse court terme - LAFARGEHOLCIM LTD (CHF) : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. Les Stochastiques sont en zone de surachat. La baisse peut bientôt reprendre vers 43,20 CHF. La tendance de fond serait remise en cause en cas de franchissement de 49,04 CHF.

Jérôme VINERIER

Short term view - LAFARGEHOLCIM LTD (EUR) : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €39.60. The next target is at €35.30, then €32.72. Passing €44.00 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - LAFARGEHOLCIM LTD (EUR) : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 39,60 € prochainement. Le prochain objectif est à 35,30 €, puis 32,72 €. Le franchissement de 44,00 € remettrait en cause la suite de la baisse.

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