ARCELORMITTAL : Bizarre cette hausse sans news ?

Profil supprimé

02 juillet 2014 •20:07

Pas bizarre car il y a une news !Connue depuis ce matin aux
US..

http://www.cnbc.com/id/101807273?__source=yahoo%257cfinance%257cheadline %257cheadline%257cstory&par=yahoo&doc=101807273%257cThis+sector+could+of fer+%27

albanrr

03 juillet 2014 •14:20

Plein de news depuis hier sur le redémarrage de l’économie américaine (bon chiffre de l'emploi) donc de la consommation d'acier avec le cours du minerai de fer qui commence aussi a monter :)

La belle ai bois dormant se reveille :)

www.cnbc.com/id/101807273

This sector could offer ‘deep value’

Valuations in the steel industry have become so attractive that the sector is now in "deep value territory", according to analysts at Citi's investment bank.

In a note entitled "Back to the Future", Citi metal analysts led by Michael Flitton highlighted that, post-financial crisis, underlying demand for steel was improving, but the combined market capitalization of the European steelmakers it covers was "stubbornly close" to 2008 lows.

"Investors are increasingly focused on where the line in the sand is for valuation," metal analysts at Citi, headed by Michael Flitton, said in a research note on Wednesday. "Our analysis suggests we may now have crossed that line."

Citi focused on Dutch-listed company ArcelorMittal, which it said provided an opportunity for investors with a long-enough investment horizon. Steel firms Salzgitter and Voestalpine also featured in its "key picks."

The bank warned that its long-term valuation methodology was unlikely to signal an immediate recovery in steel sector equities. But it did suggest that the risk of a further reduction in price-to-earnings ratios—an important metric used to gauge a stock's worth—was low.

Citi focused on Dutch-listed company ArcelorMittal, which it said provided an opportunity for investors with a long-enough investment horizon. Steel firms Salzgitter and Voestalpine also featured in its "key picks."

The bank warned that its long-term valuation methodology was unlikely to signal an immediate recovery in steel sector equities. But it did suggest that the risk of a further reduction in price-to-earnings ratios—an important metric used to gauge a stock's worth—was low.

Steelmakers' margins have improved in the first two quarters of the year due to input costs declining faster than steel prices, the SocGen analysts said.

However, Nomura had a "reduce" rating on ArcelorMittal and Voestalpine, with the view that falling iron ore prices will present a drag on earnings for the former in the coming quarters.

—By Matt Clinch