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VOLVY.PK

ISIN: US9288564001
SEDOL: 2930592

Rating:

SELL

Target Price:

2.92 USD

Investment Horizon:

6 to 24 months
5th Jan 2009 View Report   Download

Company News Alert

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Volvo A.B.’s (Volvo) common stock price has experienced a significant increase since our 3Q 08 update report, primarily associated with significant appreciation in the broader OMX Stockholm 30 Index since our 3Q 08 update report. Nevertheless, we continue to remain concerned over Volvo’s sales growth considering its significant reliance on Europe and North America. Consequently, we reiterate the…

4th Dec 2008 View Report   Download

3Q 08 Update Report

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Marginal growth in sales from Volvo AB’s (Volvo) largest segments; Trucks and Construction Equipments (CE), led to a marginal growth in the company’s sales in 3Q 08. We expect Volvo’s sales growth to remain subdued over the next 2 years, considering the anticipated subdued sales growth in its core business segments; Trucks and CE, in light of recession in its key markets of Europe and North America…

24th Oct 2008 View Report   Download

3Q 08 News Alert

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In 3Q 08, Volvo A.B.’s (Volvo) sales experienced marginal y-o-y growth, while profitability declined significantly. Although we continue to anticipate modest revenue growth from emerging markets such as Asia and South America, we intend to revise our revenue estimates downwards in anticipation of demand erosion due to lack of credit availability. However, at current levels we reiterate our BUY rating for the common stock....

15th Oct 2008 View Report   Download

Company News Alert

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Volvo A.B.’s (Volvo) common stock price has experienced a significant decline since our 1Q 08 update report, primarily associated with the significant slowdown in the US economy and general weakness prevailing in global financial markets....

8th Sep 2008 View Report   Download

Company News Alert

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Volvo A.B.’s (Volvo) common stock price experienced a significant decline since our 1Q 08 update report, reflecting investor concerns of an anticipated recession in the US economy and sagging global economic growth....