BASF SE, a leading German chemical company, is a focal point of discussion due to various deals, changes, and innovations. Among the most impactful stories is BASF’s completion of a divestment of shares in its joint ventures in Korla, China, and also the planned sales of stakes in two other Chinese companies. This is coupled with JP Morgan’s downgrade of the stocks coupled with a target slash which pushed the
stock prices on a downward trajectory.
BASF also initiated moves towards sustainability by investing in a new alcoholates plant, expanding its portfolio with sustainable personal care solutions, producing Europe’s first verified impact units, and launching the first plant for recyclable Polyamide 6. On a negative note, BASF announced a
reduction of its dividends and downgrades from Warburg Research, which cast a shadow over its financial standing. Notwithstanding, BASF still insists on a slight growth in earnings amidst cost cuts.
Several changes within the company, including the planned listing of the agricultural chemicals unit for an IPO, reflect a strategic pivot that might impact the company’s performance in the longer term.
BASF Stocks News Analytics from Thu, 09 May 2024 07:00:00 GMT to Fri, 25 Apr 2025 21:59:33 GMT -
Rating -3
- Innovation 2
- Information 8
- Rumor -7
