In today’s briefing:
- Ecopro Group: Major Equity Grants for 2,706 Employees
- DuPont de Nemours: DuPont Liveo Healthcare Solutions In China & Other Drivers
- Occidental Petroleum: Collaboration With Western Midstream Partners & Other Drivers
Ecopro Group: Major Equity Grants for 2,706 Employees
- On 15 November, Ecopro Group announced a major equity grant for 2,706 employees that work for various affiliates of the Ecopro Group.
- The company announced that it will provide equity grant shares worth about 10 million won per employee (for most of the Ecopro Group full time employees as of 30 September).
- We like what Ecopro Group is trying to do with this equity grant program and we believe this equity grant program will positively impact Ecopro Co and Ecopro BM.
DuPont de Nemours: DuPont Liveo Healthcare Solutions In China & Other Drivers
- DuPont’s stock price has surged past our target price and is witnessing a strong momentum after the company posted a solid set of results this quarter in an extremely challenging environment.
- The revenue growth of the company included solid organic growth.
- We provide the stock of DuPont with a ‘Buy’ rating and a revision in the target price.
Occidental Petroleum: Collaboration With Western Midstream Partners & Other Drivers
- Occidental delivered a decent quarter with revenues above market expectations but missed out on the earnings expectations of analysts.
- OxyChem delivered robust, strong earnings while its Permian, Rockies, International, and Gulf of Mexico teams have delivered a good operational performance.
- In the Delaware Basin, Occidental delivered a good quarter-to-date results, demonstrating its high quality of subsurface and inventory expertise.
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