Siemens's Soft Backdrop in Automation Remains a Concern -- Market Talk

Dow Jones11-14 17:05

0904 GMT - Siemens's soft backdrop in automation remains a concern, despite the solid set of fourth-quarter results, Quilter Cheviot analyst Jarek Pominkiewicz says in a research note. The German technology conglomerate said that while automation orders in China have stabilized, there has been a sequential weakening in Germany. Despite the limited visibility, the analyst remains confident in a recovery of the digital industries business when inventory destocking concludes. Despite this still-soft backdrop in discrete automation and weak industrial momentum in Germany, orders declined by only 6% year-on-year and were 4% ahead of consensus, the analyst says. Siemens currently trades at a significant discount to other European industrial names, which presents an attractive opportunity for investors, considering the company's strong fundamentals and growth prospects, Pominkiewicz says. Shares trade 7.1% higher at 192.12 euros. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

November 14, 2024 04:05 ET (09:05 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483828699?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-14 17:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483828699","market":"us","top_or_hot":-1,"title":"Siemens's Soft Backdrop in Automation Remains a Concern -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0904 GMT - Siemens's soft backdrop in automation remains a concern, despite the solid set of fourth-quarter results, Quilter Cheviot analyst Jarek Pominkiewicz says in a research note. The German technology conglomerate said that while automation orders in China have stabilized, there has been a sequential weakening in Germany. Despite the limited visibility, the analyst remains confident in a recovery of the digital industries business when inventory destocking concludes. Despite this still-soft backdrop in discrete automation and weak industrial momentum in Germany, orders declined by only 6% year-on-year and were 4% ahead of consensus, the analyst says. Siemens currently trades at a significant discount to other European industrial names, which presents an attractive opportunity for investors, considering the company's strong fundamentals and growth prospects, Pominkiewicz says. Shares trade 7.1% higher at 192.12 euros. (nina.kienle@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 14, 2024 04:05 ET (09:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Siemens's Soft Backdrop in Automation Remains a Concern -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSiemens's Soft Backdrop in Automation Remains a Concern -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 17:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0904 GMT - Siemens's soft backdrop in automation remains a concern, despite the solid set of fourth-quarter results, Quilter Cheviot analyst Jarek Pominkiewicz says in a research note. The German ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SIEGY","symbol_name":"西门子","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483828699","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483828699","pubTimestamp":1731575100,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0904 GMT - Siemens's soft backdrop in automation remains a concern, despite the solid set of fourth-quarter results, Quilter Cheviot analyst Jarek Pominkiewicz says in a research note. The German technology conglomerate said that while automation orders in China have stabilized, there has been a sequential weakening in Germany. Despite the limited visibility, the analyst remains confident in a recovery of the digital industries business when inventory destocking concludes. Despite this still-soft backdrop in discrete automation and weak industrial momentum in Germany, orders declined by only 6% year-on-year and were 4% ahead of consensus, the analyst says. Siemens currently trades at a significant discount to other European industrial names, which presents an attractive opportunity for investors, considering the company's strong fundamentals and growth prospects, Pominkiewicz says. Shares trade 7.1% higher at 192.12 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SIEGY":"西门子","BK4206":"工业集团企业"},"translate_title":"西门子自动化领域的疲软背景仍然令人担忧——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIEGY":0.9},"content_text":"0904 GMT - Siemens's soft backdrop in automation remains a concern, despite the solid set of fourth-quarter results, Quilter Cheviot analyst Jarek Pominkiewicz says in a research note. The German technology conglomerate said that while automation orders in China have stabilized, there has been a sequential weakening in Germany. Despite the limited visibility, the analyst remains confident in a recovery of the digital industries business when inventory destocking concludes. Despite this still-soft backdrop in discrete automation and weak industrial momentum in Germany, orders declined by only 6% year-on-year and were 4% ahead of consensus, the analyst says. Siemens currently trades at a significant discount to other European industrial names, which presents an attractive opportunity for investors, considering the company's strong fundamentals and growth prospects, Pominkiewicz says. Shares trade 7.1% higher at 192.12 euros. (nina.kienle@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 14, 2024 04:05 ET (09:05 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483828699"}