The Q3 18 numbers are decent but the outlook for Q4 is rather weak, with commodity prices down and the ongoing import pressure to Europe. The visibility for FY19 is still low and we will revise downwards our estimates and valuation for the stock, which is likely to be dead money until next year.
31 Oct 2018
Q3 18: decent but a rather weak Q4 outlook
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Q3 18: decent but a rather weak Q4 outlook
Aperam SA (APAM:WBO) | 0 0 (-0.4%) | Mkt Cap: 3,664m
- Published:
31 Oct 2018 -
Author:
Fabrice Farigoule -
Pages:
3
The Q3 18 numbers are decent but the outlook for Q4 is rather weak, with commodity prices down and the ongoing import pressure to Europe. The visibility for FY19 is still low and we will revise downwards our estimates and valuation for the stock, which is likely to be dead money until next year.