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ABB.N

ISIN: US0003752047
SEDOL: 2748472

Rating:

HOLD

Target Price:

16.25 USD

Investment Horizon:

6 to 12 months
23rd Jul 2009 View Report   Download

2Q 09 News Alert

ABB Ltd. (ABB) reported a y-o-y decline in its 2Q 09 top-line, impacted by slowdown in demand in the company's end markets. Lower capacity utilisation, unfavourable revenue mix and pricing pressure also impacted the company's operating performance during the quarter. Moreover, ABB's order inflows and overall order backlog registered significant decline during 2Q 09, reflecting the uncertainties surrounding the global economy....

23rd Apr 2009 View Report   Download

1Q 09 News Alert

ABB Ltd. (ABB) reported 1Q 09 results with earnings higher than our estimates. However, revenues and earnings declined significantly on a y-o-y basis due to lower product sales and under utilisation of capacities during the quarter. Furthermore, the company’s order book declined y-o-y, primarily reflecting the current slowdown in global economic activity. In light of these factors, we maintain our HOLD rating for the ADR....

15th Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

ABB posted robust results in FY 2008, primarily from the execution of its strong order book position. However, the company’s order book position declined significantly across most operating divisions in 4Q 08. ABB’s new order intake declined 19% y-o-y to US$7.2 bn in 4Q 08, primarily due to the current weakness in global markets, leading to postponement or cancellations of multiple infrastructure and industrial projects globally....

12th Feb 2009 View Report   Download

4Q 08 & FY 2008 News Alert

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ABB Ltd. (ABB) reported 4Q 08 results which were higher than our estimates. While revenues increased on a y-o-y basis, earnings declined significantly due to greater operating expenses. Furthermore, the company’s order book declined y-o-y, primarily reflecting the current slowdown in global economic activity. In light of these factors, we are likely to lower…

9th Feb 2009 View Report   Download

3Q 08 Update Report

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ABB posted strong results in 3Q 08, taking advantage of the strong growth in global demand for power grid equipment and industrial automation products. However, the company reported a decline in new orders from the Power Systems division (-29.3% y-o-y to US$1,293) and slow growth in orders from the Process Automation division (2.9% y-o-y to US$1,969), reflecting the current global economic…