BASF: Reiterating Our Buy Rating
Portfolio Pulse from
BASF is maintaining a buy rating due to its diversified chemical operations and strategic investments in China. The company is on track to achieve significant cost savings and is trading at an attractive valuation compared to EU peers, despite a reduced dividend.
November 07, 2024 | 11:00 am
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POSITIVE IMPACT
BASF is expected to perform well due to its strategic investments in China and cost-saving measures. The stock is trading at an attractive valuation compared to EU peers, offering strong return potential despite a reduced dividend.
BASF's strategic investments in China, particularly the Verbund facility, and its solid balance sheet are expected to support its performance. The company is on track to deliver significant cost savings, and its valuation is attractive compared to EU peers, which suggests a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100