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Siemens Ltd. shares fell 10.04% to Rs 6,867.05 after management announced they would not participate in upcoming LCC tech-based HVDC tenders, opting instead for VSC-based projects. The company reported a 25% increase in profit after tax for Q3, driven by higher revenues, despite weak government capital expenditure orders. UBS highlighted rising profitability and new orders in the energy sector, with plans to list the energy division in early 2025, potentially unlocking significant value.
Siemens Ltd. shares fell 10.04% to Rs 6,867.05 after management announced it would not participate in upcoming LCC tech-based HVDC tenders, opting instead for VSC-based projects. The company reported a 25% increase in profit after tax for Q3, driven by higher revenues, despite weak government capital expenditure orders. UBS highlighted rising profitability and new orders in the energy sector, with plans to list the energy division in early 2025, potentially unlocking significant value.
UBS has maintained its "Buy" rating for Siemens, setting a price target of 200 euros ahead of the upcoming quarterly report in February. Analyst Andre Kukhnin anticipates that the results for the first fiscal quarter will support the outlook for profit stabilization.
In February 2022, a coordinated media effort targeted Credit Suisse and the Swiss financial sector, exposing connections to autocrats and corrupt officials hiding wealth in Switzerland. Notably, the US government funded journalists involved in this investigation, raising questions about bias in their reporting.
UBS has maintained a "Neutral" rating for ABB with a target price of 50 francs. Analyst Andre Kukhnin noted that after discussions during a Siemens capital markets day, ABB appears well-positioned for 2025.
UBS has maintained its "Buy" rating for Siemens, setting a price target of 200 euros following the Smart Infrastructure division's capital market day. Analyst Andre Kukhnin expressed increased confidence in the division's organic growth targets, which slightly exceed previous expectations, while also finding the margin targets reasonable.
Siemens shares are currently priced at €193.30, reflecting a slight decrease of €0.14 or 0.07%. UBS AG has issued a buy recommendation for Siemens, indicating positive sentiment towards the company's performance and future prospects.
ÖAMTC, Raiffeisen, and Siemens have launched a mobility partnership aimed at enhancing e-vehicle charging through local energy cooperatives. Starting in 2025, e-car drivers can purchase green electricity at charging stations, benefiting from significant savings and promoting sustainable energy use across Austria. The initiative, which began in Burgenland, will expand to other regions, showcasing a model for affordable and environmentally friendly mobility.
Mark Schneider, the former CEO of Nestlé, has been nominated to become Chairman of the Siemens Supervisory Board until 2027, with a proposal to shareholders set for February 13. Current Chairman Jim Hagemann Snabe will also be up for reappointment for a two-year term. Siemens plans to propose an increase in the annual dividend from 4.7 to 5.2 euros per share, which contributed to a 1.7% rise in Siemens shares on the Frankfurt Stock Exchange.
Siemens has proposed Mark Schneider, the former CEO of Nestle, as the potential successor to Jim Hagemann Snabe as chairman of its supervisory board by 2027. Snabe, who plans to manage his succession effectively, expressed confidence in Schneider as an excellent candidate. The annual general meeting for the supervisory board election is scheduled for February 13, 2025, alongside a proposed dividend increase to 5.20 euros from 4.70 euros.
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