BASF’s official wording for the justification of the impairments taken in Q3 is that they expect continued oversupply of basic chemicals and weaker demand from certain end-customer industries. We find the idea of preparing the company for a BASF 2.0 quite compelling. Nevertheless, Martin Brudermueller still has a long way to go as impairments could be only be a signal. The management could see the pandemic as an opportunity for a fundamental shift.

28 Oct 2020
Preparing for reconstruction?
BASF SE (BAS:WBO), 0 | BASF SE (BAS:BRN), 0 | BASF SE (0BFA:LON), 0 | BASF SE (BASF:BUD), 0 | BASF SE (BAS:ETR), 0 | BASF SE (1BAS:MIL), 0 | BASF SE (BFFAF:OTC), 0 | BASF SE (BASN:MEX), 0 | BASF SE Shs Cert Deposito Arg Repr 0.5 Shs (BAS:BUE), 0

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Preparing for reconstruction?
BASF SE (BAS:WBO), 0 | BASF SE (BAS:BRN), 0 | BASF SE (0BFA:LON), 0 | BASF SE (BASF:BUD), 0 | BASF SE (BAS:ETR), 0 | BASF SE (1BAS:MIL), 0 | BASF SE (BFFAF:OTC), 0 | BASF SE (BASN:MEX), 0 | BASF SE Shs Cert Deposito Arg Repr 0.5 Shs (BAS:BUE), 0
- Published:
28 Oct 2020 -
Author:
Martin Schnee -
Pages:
4 -
BASF’s official wording for the justification of the impairments taken in Q3 is that they expect continued oversupply of basic chemicals and weaker demand from certain end-customer industries. We find the idea of preparing the company for a BASF 2.0 quite compelling. Nevertheless, Martin Brudermueller still has a long way to go as impairments could be only be a signal. The management could see the pandemic as an opportunity for a fundamental shift.