SGS is engaged in the provision of inspection, verification, testing, certification and quality assurance services. Co.'s business lines include: Agricultural; Minerals; Oil, Gas & Chemicals; Life Science; Consumer Testing; Systems & Services Certification; Industrial; Environmental; Automotive; and Governments & Institutions. As of Dec 31 2014, Co.'s geographic operations were organized as follows: Europe, Africa, Middle East (Western Europe, Northern and Central Europe, Southern Central Europe, Eastern Europe & Middle East, and Africa); Americas (North America, and South America); and Asia Pacific (East Asia, China & Hong Kong, and South Eastern Asia & Pacific).
  • TickerSGSN
  • ISINCH0002497458
  • ExchangeSix Swiss Exchange
  • SectorSupport Services
  • CountrySwitzerland

Analysts

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/11/2019

...

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/11/2019

...

Emira Sagaama ...
  • Matthias Desmarais

SGS : Lacklustre growth, self-help still the key

>H2 2019 is henceforth expected to reflect a sequential slowdown - During its Investor Day at the end of last week in China and Taiwan, SGS has adjusted down its organic growth guidance for 2019. H2 growth is now forecast in “low single digits” vs in line initially with 3.5% in H1. Despite a more complicated international trade programme (notably the negative impact of the US-China trade war), it is company-specific elements that are acting as a drag on SGS’ performan...

SGS Sa: 1 director sold/bought

A director at SGS Sa sold/bought 170 shares at 2,539.154CHF and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Emira Sagaama ...
  • Matthias Desmarais

SGS : Croissance faible, le self-help demeure la clé

>Le S2 2019 est désormais attendu en ralentissement séquentiel - Lors de son Investor Day en fin de semaine dernière en Chine et Taiwan, SGS a ajusté à la baisse sa guidance de croissance organique en 2019. Le S2 est désormais attendu « low single digit » vs initialement en ligne avec les 3.5% du S1. Outre une conjoncture de commerce international plus compliquée (notamment l’impact négatif de la guerre commerciale US-Chine), ce sont des éléments propres à SGS qui pès...

Emira Sagaama ...
  • Matthias Desmarais

SGS : The story is attractive but the valuation leaves little upside

The best-in-class story is attractive, with a recovery in organic growth confirmed and scope for an improvement in margins, but these prospects are priced in to the current valuation. We maintain our Neutral recommendation, with a revised target price of CHF 2,800. - >A positive read-across from peers confirming the improvement in growth - The positive read-across from the Q1 results reported by the group's peers confirms that the improvement in organic growth at SGS i...

Emira Sagaama ...
  • Matthias Desmarais

SGS : L’histoire est attractive mais la valorisation laisse peu d’upside

L’histoire de best-in class avec une recovery de la croissance organique confirmée et un potentiel d’amélioration de la marge est attractive, mais la valorisation actuelle reflète bien ces perspectives. Nous maintenons notre opinion Neutre avec un OC revu à 2800 CHF. - >Read across positif des pairs confirmant l’amélioration de la croissance - Le read-across positif des résultats T1 des pairs confirme la continuité de l’amélioration de la croissance organique chez SGS....

Emira Sagaama ...
  • Matthias Desmarais

SGS : Lacklustre growth, self-help still the key

>H2 2019 is henceforth expected to reflect a sequential slowdown - During its Investor Day at the end of last week in China and Taiwan, SGS has adjusted down its organic growth guidance for 2019. H2 growth is now forecast in “low single digits” vs in line initially with 3.5% in H1. Despite a more complicated international trade programme (notably the negative impact of the US-China trade war), it is company-specific elements that are acting as a drag on SGS’ performan...

Emira Sagaama ...
  • Matthias Desmarais

SGS : Croissance faible, le self-help demeure la clé

>Le S2 2019 est désormais attendu en ralentissement séquentiel - Lors de son Investor Day en fin de semaine dernière en Chine et Taiwan, SGS a ajusté à la baisse sa guidance de croissance organique en 2019. Le S2 est désormais attendu « low single digit » vs initialement en ligne avec les 3.5% du S1. Outre une conjoncture de commerce international plus compliquée (notamment l’impact négatif de la guerre commerciale US-Chine), ce sont des éléments propres à SGS qui pès...

Emira Sagaama ...
  • Matthias Desmarais

SGS : Investor day preview: an opportunity for adjusting the 2020 guidance again?

>SGS will hold its annual investor day on 7 November in China - SGS is due to hold its investor days on 7 and 8 November in China and Taiwan (Changzhou and Taipei). As is the case each year, this event will be an opportunity for an update on the strategic plan and the key themes of the moment, with a brief trading update. With the event taking place in China, this will be an opportunity to focus on the consumer business (particular softlines and E&E) and the impact on...

Emira Sagaama ...
  • Matthias Desmarais

SGS : Preview Investor Day : l’occasion d’ajuster à nouveau la guidance 2020 ?

>SGS tiendra son Investor Day annuel le 7 novembre prochain en Chine - SGS tiendra son Investor Day le 7 et 8 novembre prochain en Chine et Taiwan (Changzhou et Taipei). Comme chaque année, cet évènement sera l’occasion de faire le point sur le plan stratégique et les thématiques clés du moment, avec un bref trading update. L’évènement se déroulant en Chine, ce sera l’occasion de faire un focus sur l’activité consumer (notamment les softlines et E&E) et l’impact de la...

Ibrahim Firdaus

SGS Sa: 1 director sold/bought

A director at SGS Sa sold/bought 170 shares at 2,539.154CHF and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/11/2019

...

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/11/2019

...

Alfred Glaser ...
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Martial Descoutures
  • Matthias Desmarais
  • Oussema Denguir
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/04/2019

...

Alfred Glaser ...
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Martial Descoutures
  • Matthias Desmarais
  • Oussema Denguir
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/11/2019

...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Emira Sagaama
  • Jean Sassus
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/05/2019

After a remarkable performance (+42.5%) since its addition into our Large Caps Convictions List, we are taking our profits on MTU Aero Engines. Since its launch (8 January), the ODDO Large Caps Convictions List posted, at 1 August, a performance (dividends reinvested) of 18% vs 15.3% for the Stoxx 600. Enjoy your summer holidays, ODDO BHF Strategy will be back on the week of 26 August. - - ...

With a more favourable environment, SGS SA improves to Slightly Positive

SGS SA (CH), a company active in the Business Support Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date October 29, 2019, the closing price was CHF 2,560.00 and its potential was estimated at CHF 2,688.00.

Ibrahim Firdaus
Ibrahim Firdaus
Ibrahim Firdaus
Ibrahim Firdaus
MarketLine Department

Bureau Veritas SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

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Summary Marketline's Applus Services, S.A. 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 Applus Services, S.A. 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 competitive advanta...

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SGS SA – Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

Summary Business and Consumer Services Key Findings Business and Consumer Services Business and Consumer Services Reasons To Buys MarketLine Key Highlights Switzerland

SGS – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Valérie GASTALDY

Short term view - SGS : Rising consolidation.

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 CHF 2,499.10. The next target is at CHF 2,234.00, then CHF 2,143.37. Passing CHF 2,499.10 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - SGS : La reprise est une consolidation.

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 2 499,10 CHF prochainement. Le prochain objectif est à 2 234,00 CHF, puis 2 143,37 CHF. Le franchissement de 2 499,10 CHF remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - SGS : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at CHF 2,234.00. The background trend would be questioned should prices rise above CHF 2,499.10.

Valérie GASTALDY

Analyse court terme - SGS : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 2 234,00 CHF. La tendance de fond serait remise en cause en cas de franchissement de 2 499,10 CHF.

Valérie GASTALDY

Medium term view - SGS : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at CHF 2,238.20.

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