Komatsu, HCM, CAT: The Stock Punishment Does Not Match the Outlook Deterioration Crime
We have been struck by the degree of underperformance of the construction machinery names despite strong earnings performance. While the cyclical...
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New US Sanctions Against Venezuela: Impact on the Oil Sector and Prices
US sanctions against Venezuela's central bank and PDVSA, announced on Monday (January 28), have sent refiners on the US Gulf Coast scrambling...
486 Views
Consensus Euphoria Turned to Foreboding in 2018…
Downside risks next year include a sharper than anticipated China slowdown, US protectionism and intensifying geopolitical tail risks as covered...
709 Views
Doosan Bobcat - Negative on the North American Housing Market Turning Downwards
We believe that the consensus earnings estimates of Doosan Bobcat Inc (241560 KS) are likely to revised down by 10-15% in the next 6-12 months,...
518 Views
Caterpillar (CAT) - Earnings Strength Suggests Cycle Peak Is Still a Few Quarters Away
CAT Results in 2QFY18 Exceed Impressive 1QFY18 Numbers In 2QFY18 Caterpillar recorded revenue of USD14bn (+24% YoY) and adjusted earnings per share...
441 Views