A.P. Moller-Maersk A/S Series B

A.P. Moeller Maersk is an international shipping company. Co.'s operating segments are: Container shipping and related activities which include global container services, inland transportation, manufacturing and repair of containers and container depots, and logistics and forwarding activities; APM terminals; Tankers, offshore and other shipping activities which include tanker shipping of crude oil, oil products and gas, offshore drilling activities and operation of land rigs, supply vessel activities with anchor handling and platform supply vessels, ferry services and door-to-door transportation in Northern Europe; Oil and gas activities; Retail activity; and Shipyards and other activities.
  • TickerMAERSK B
  • ISINDK0010244508
  • ExchangeNasdaq Nordic Copenhagen
  • SectorIndustrial Transportation
  • CountryDenmark

Analysts

A P MOLLER - MAERSK A/S sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of A P MOLLER - MAERSK A/S (DK), active in the Marine Transportation industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 14, 2019, the closing price was DKK 7,878.00 and its target price was estimated at DKK 6,790.94.

Nicolay Dyvik

No agreement in sight

After positive signals since February, last week was a big step back for those who believed US–China trade relations were improving. Tariffs remain at 25% for LPG, were lifted to 25% for LNG, and remain at zero for crude. We estimate a -1.8% tonne-mile impact for LPG and -0.4% for LNG and crude; we see limited downside, and significant upside should an agreement be reached.

Eivind Sars Veddeng ...
  • Niclas Gehin
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Nicolay Dyvik

A. P. Møller Mærsk (Buy, TP: DKK9600.00) - Rates on the rise again

We are 8% below consensus on Q1e EBITDA, but 10% above for 2019e. We still find the guidance too cautious on our estimate of effective supply growth of just 1.4%, which should lift rates. We reiterate our BUY and have lowered our target price to DKK9,600 (DKK10,600).

Nicolay Dyvik

2019e installations now at 2,000+

According to the latest DNV GL data, end-2020 scrubber uptake will be 3,169 (we forecast c3,700). We see room for more in tankers and bulkers, while container has already exceeded our estimate. Some 2018 installations have slipped into 2019, which now looks set for more than 2,000 installations.

Nicolay Dyvik

No agreement in sight

After positive signals since February, last week was a big step back for those who believed US–China trade relations were improving. Tariffs remain at 25% for LPG, were lifted to 25% for LNG, and remain at zero for crude. We estimate a -1.8% tonne-mile impact for LPG and -0.4% for LNG and crude; we see limited downside, and significant upside should an agreement be reached.

Nicolay Dyvik

A. P. Møller Mærsk (Buy, TP: DKK9600.00) - Rates on the rise again

We are 8% below consensus on Q1e EBITDA, but 10% above for 2019e. We still find the guidance too cautious on our estimate of effective supply growth of just 1.4%, which should lift rates. We reiterate our BUY and have lowered our target price to DKK9,600 (DKK10,600).

Nicolay Dyvik

2019e installations now at 2,000+

According to the latest DNV GL data, end-2020 scrubber uptake will be 3,169 (we forecast c3,700). We see room for more in tankers and bulkers, while container has already exceeded our estimate. Some 2018 installations have slipped into 2019, which now looks set for more than 2,000 installations.

Michael Field

Morningstar | Maersk Spins Off Its Drilling Business, Signalling the End of the Oil & Gas Era

AP Moller Maersk is a Denmark-listed transport-based company. Following recent divestments of its oil & gas related operations, the group is now essentially composed of three business, Ocean, Logistics & Services, and Terminals & Towage.In 2016, the Ocean business posted its first ever loss, driven primarily by an almost 20% decline in freight rates on the prior year. Oversupply in the marketplace and weak demand, specifically in emerging-market routes, caused significant downward pressure on shipping prices. The longer-term picture has improved somewhat since then with the formation of allian...

Michael Field

Maersk Spins Off Its Drilling Business, Signalling the End of the Oil & Gas Era

No-moat Maersk’s full-year results were a real dog’s dinner, with the sale of Maersk Oil and Maersk Tankers, the addition of Hamburg Sud, and the announced spin-off of Maersk Drilling all clouding what was an expectedly mediocre set of numbers. However, warnings around trade wars and a slowing European economy culminated in EBITDA guidance of around $5 billion for 2019. While we might adjust some our near-term forecasts, we do not expect to make material changes to our longer-term expectations. ...

Eivind Sars Veddeng ...
  • Niclas Gehin
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Eivind Sars Veddeng ...
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Montgomery
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl

Northern Lights

Alexander Aukner ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Jesper Ingildsen
  • Karl-Johan Bonnevier
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Jesper Ingildsen
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Niclas Gehin
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

A P MOLLER - MAERSK A/S sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of A P MOLLER - MAERSK A/S (DK), active in the Marine Transportation industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 14, 2019, the closing price was DKK 7,878.00 and its target price was estimated at DKK 6,790.94.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Nippon Yusen Kabushiki Kaisha - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Nippon Yusen Kabushiki Kaisha Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Nippon Yusen Kabushiki Kaisha since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its co...

A.P. Moller - Maersk AS (MAERSK B) - Oil & Gas - Deals and Alliances Profile

Summary A.P. Moller - Maersk A/S (APM) is a business conglomerate that carries out operations in global trade, shipping and energy. It operates through a network of tankers, supply ships, container vessels, car carriers, drilling rigs and special vessels. The company also carries out container terminal activities, inland transportation, container depots and repair of containers. APM's cargo handling services include pre-treatment of cargo, and packing and stuffing of chilled commodities. The company provides offshore drilling services and land-rig operations to oil companies. It carries out t...

Expert Corporate Governance Service (ECGS)

AP Moeller Maersk, April 2nd 2019

In general, A.P. Møller - Mærsk (APMM) is in compliance with the Danish regulations relating to organisation and procedures of the Annual General Meeting. Under ITEM C, although not legally required in Denmark, the board of directors and the executive management seek discharge. Under its guidelines, ECGS no longer approves discharge of the board of directors and/or executive management if there is no legal requirement for it. Since there is no such requirement in Denmark, ECGS recommends to OPPOSE. Under ITEM E, the board of directors seeks authorisation to repurchase own shares. As the magn...

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