Após quase 2 meses de tentativas infrutíferas, a Allianz finalmente conseguiu quebrar em alta a sua resistência R1 na zona dos € 160,00. A quebra ocorreu na quinta-feira (gap-up ligeiro) e foi confirmada com o fecho positivo de hoje (sexta-feira).
Porquê não estou empolgadíssimo com este suposto sinal de entrada?
É claro que, como já aconteceu imensas vezes no passado, posso estar enganado e o título pode desatar a subir até as suas próximas resistências na casa dos € 175,00, mas para já prefiro apenas observar de fora o desenrolar desta trama.
Outros analistas, entretanto, parecem bem mais optismistas do que eu. O HSBC iniciou a cobertura da Allianz colocando-a no patamar de 'overweight' e estabelecendo um target fantástico nos € 220,00 (wow!!) (BROKERWATCH Allianz initiated with 'overweight' and 220 eur target at HSBC).
Over the next year the insurer might benefit from a 4 bln eur share buyback, consensus upgrades, news on restructuring initiatives and expected recovery in credit market, the brokerage said in a note to clients.
Deutsche Telekom's Chief Executive Rene Obermann said he expects the deal to create synergies of EUR1 billion, by combining the networks of Orange's Dutch operations with its own T-Mobile mobile phone business. Around half of the savings will be achieved in next six years, the German company said.
The deal, which has been approved by the European Commission and Dutch works union, is expected to complete by Oct. 1. and will strengthen T-Mobile's position in the Netherlands, where it is currently the third largest mobile phone operator. Orange is the fourth largest operator in the country and, collectively, the two companies have 4.8 million Dutch customers.
Lufthansa said Thursday second-quarter net profit more than doubled, totaling EUR438 million the three months to June 30, compared with EUR183 million in the same period a year earlier. The figure beat analysts' forecasts of EUR291 million.
Speaking in a German-language conference call, Chief Financial officer Stephan Gemkow said the contribution from the airline Swiss should further raise Lufthansa's operating result, once it is fully integrated in the third quarter.
Swiss should benefit from a strong economic environment and showed strong booking figures for the second quarter, he said. Furthermore, Swiss is more profitable than Lufthansa, after its deep restructuring measures, Gemkow added.
Apesar das grandes notícias que vieram a público na semana passada (ver a última AT para mais informações a respeito) e que serviram para impulsionar a subida da cotação até a sua zona de resistência R1 (€ 29,50 e arredores), o título não resistiu à pressão dos bears e iniciou uma sequência de quedas logo na segunda-feira (timidamente interrompida na sessão de hoje).
Enfim, muitas incógnitas à volta da Commerzbank mas, mesmo assim e em vista das informações divulgadas na semana passada, continuo com um olhar atento sobre este título.
Última AT: Commerzbank - 21/Setembro
Carregue nos gráficos para ampliá-los:
UBS said market share losses now look inevitable and the focus for the company must now be on restructuring. The brokerage said it will be awaiting Detusche Post's plans but sees the most difficult part of cost-cutting efforts - labour - to be resolved after the current labour agreement expires in March of next year.
UBS now predicts that competitors TNT and PIN will be able to hold around 30 pct of the postal market over the long term, up from its earlier forecasts of 28 pct.
Deutsche Bank fell 1.92 euros, or 2 percent, to 92.25. The bank will write down the value of leveraged loans and abandon hiring plans after making ``mistakes'' during the credit boom, Chief Executive Officer Josef Ackermann said in an interview with Germany's ZDF television.
JPMorgan Chase & Co. said the bank may have to take a 625 million-euro ($877 million) charge in the third quarter.
STOCKWATCH Metro up on report CEO Koeber to be replaced by Cordes UPDATE
(Updating with further analyst and trader comment, current share price) FRANKFURT (Thomson Financial) - Shares in Metro AG were significantly higher in early morning trade after a report in the Sueddeutsche Zeitung said that the retail giant plans to replace its current chief executive Hans-Joachim Koebver with Eckhard Cordes at the end of October.
Traders said the move could signal a willingness on the part of the company to sell its real estate business and it might even consider disposing of its troubled department store operations, Kaufhof.
In response to the report, Commerzbank raised its rating on the retailer to 'buy' from 'hold' and lifted its target price to 69 eur per share from 'under review' status.
At 9.15 am shares in Metro were 3.97 eur or 6.32 pct higher at 66.77, making it the top gainer in the DAX, which was 43.79 points or 0.56 pct lower at 7,707.05.
"Cordes heads (Franz) Haniel (GmbH), which last month took joint control of Metro together with the Schmidt-Ruthenbeck family. The shares should see a boost as speculation is now higher that Metro might sell its real estate business. Even a sale of the department store business (Kaufhof) could come on the agenda," a Frankfurt-based trader said.
"Watch out for the prompt, value-enhancing disposal of Kaufhof should the change take place; this would add 6 eur to out target price straight away," said a London trader.
Commerzbank analyst Juergen Elfers said in a note to clients that "Cordes intends to exploit strategic options for value-enhancing measures, and in this context the focus is firmly set on Extra, Kaufhof and also Real hypermarkets." "(Fellow retailer) Arcandor's CEO Thomas Middelhoff and Cordes might find options for a sensible deal for Kaufhof, an entity that has never actually covered costs of capital at Metro. The probability of a creative solution for the department stores is rising, but the value of Kaufhof operations is limited, in our opinion," Elfers said.
Sueddeutsche Zeitung cited company sources as saying current chief executive Hans-Joachim Koerber is to be replaced by chairman of the supervisory board and head of Franz Haniel GmbH, Eckhard Cordes, at the end of October.
