Look for:

Products

Research Detail

2023/06/06 / Erste Group Research

Attractive industrial stocks

Rating changes: Alfa Laval, Fomento Economico Mexicano, Nike, Anheuser Busch Inbev, Procter & Gamble, Starbucks.

The global equity market index rose by +2.3% in EUR terms in May. The consensus forecast for global corporate sales growth in 2023 is currently +1.7% (y/y). Profits should rise +3.7% (y/y) this year. Sales and profits will not rise more strongly again until next year. Sales growth of +4.0% (y/y) and profit growth of +9.2% (y/y) are forecast for 2024. The expected global dividend yield in 2023e is 2.2%. We expect the global equity market index to rise moderately in June.

In China, the situation in the manufacturing sector improved in May for the first time in three months. The latest PMI indicator rose to the level of 50.9 points in May, but was slightly below market expectations. In India, the manufacturing PMI reached a 31-month high of 58.7 points in May. In general, earnings growth of +3.9% (y/y) is forecast for emerging market companies this year. Earnings growth should accelerate to +11.1% (y/y) next year according to the consensus forecast.

PDF Download Download PDF (6.1MB)

General information

AuthorErste Group Research
Date2023/06/06
Languageen
Product nameRecommendation List
Topic in focusEquities
Economy in focusGermany, United States
Currency in focusEuro, US Dollar
Sector in focusAutomobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities
Download

Erste Group related products

Page 1 of 6
Name  ISIN# Erste Group products
-US05675210850
-US51843910440
-US88579Y10100
-NL00150001Q90
ABBCH00122217160
Abbott LaboratoriesUS00282410000
AbbVieUS00287Y10910
AdidasDE000A1EWWW04
AdobeUS00724F10120
Advanced Micro DevicesUS00790310780
AlibabaUS01609W10270
AllianzDE00084040050
AlphabetUS02079K30590
Amadeus IT GroupES01090670190
Amazon.ComUS02313510670
AmBevBRABEVACNOR10
AmgenUS03116210090
Anheuser Busch InbevBE09742932510
AppleUS03783310050
ASMLNL00102732150
AT&TUS00206R10230
Bank of America US06050510460
BASFDE000BASF1112
Bayer DE000BAY00170
BeiersdorfDE00052000000



Decline
Accept

We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. Please read more information here

INFORMATION FOR CORPORATE AND INSTITUTIONAL CLIENTS

Any information, material and services regarding financial instruments and securities provided by Erste Group Bank AG or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites”) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions (the “Interested Party“).

The publication and distribution of information as well as offering and selling of products and services described on the Websites is prohibited by law in some jurisdictions. For this reason, persons in countries in which the publication as well as the offering and selling of products and services described on the Websites are not permitted by law, must not enter the Websites and/or acquire the products displayed on the Websites.

Neither Erste Group nor any third party shall offer access to the Websites or offer the products to especially, but not limited to citizen/residents of the United States and “U.S. person” (as defined in Regulation S under the US Securities Act 1933 as amended), citizen/resident of Australia, Canada, Great Britain and Japan. For this reason, the distribution or redistribution of the information, materials and products into United States, Australia, Canada, Great Britain and Japan or into any other jurisdiction where it is not permitted under the applicable law, as well as to the citizens/residents of these countries shall be prohibited.

The securities displayed on the Websites have not been and will not be registered under the US Securities Act of 1933 and trading in the securities has not been approved for purposes of the US Commodities Exchange Act of 1936. For this reason the securities may, inter alia, not be offered, sold or delivered within the United States or, for the account and benefit of U.S. persons.

The Interested Party is solely responsible to examine, whether he may enter the Websites under the law applicable to it. Erste Group shall not be responsible for the distribution of content of any of the Websites to individuals or entities which provide false information about their right to enter the Websites. For this reason Erste Group shall not be liable for any legal claims or damages which may result from the unauthorized entering or reading of the Websites.

By agreeing to this hereto, the Interested Party confirms that
(i) It has read, understood and accepted this Information and the Disclaimer;
(ii) It informed itself about any possible legal restriction and warrants that it is not restricted or prohibited to enter the Websites according to any law applicable; and
(iii) It does not make available the contents of the Websites to any person who is not qualified by law to enter the Websites.
(iV) It is no consumer.