Abb Share Discussion Threads

[lucky_punter] 18/7/2012 06:53

The market is usually quite efficient in assessing the risk of an investment and then applying a suitable, sensible discount.

[waldron] 23/9/2010 09:17

4 info

new abb thread is on ABBN



trust you are well

take care

[sheeneqa] 23/9/2010 09:12

control upgrade at the Philippines' largest power plant
2010-09-20 - ABB has upgraded the distributed control system of the largest power generation facility in the Philippines, providing this groundbreaking node in the country's huge gas-to-power project with a broad sweep of benefits and savings.

By ABB Communications
Owned by independent power producer KEILCO, the 1,200 megawatt Ilijan combined-cycle power plant in Batangas City, Philippines went into operation in 2002 and was quickly named one of the world's top 12 power plants by a leading US power industry magazine in 2003.

Ilijan combined cycle power plant is the largest power generation facility in the Philippines and part of the country's gas-to-power project, which uses natural gas from the offshore Malampaya field to generate electricity at Ilijan and two other combined cycle power plants.


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"Integrated plant controls based on the ABB distributed control system enable plant operators to run the plant safely and effectively." KEILCO
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[sheeneqa] 30/7/2010 11:21

ABB successful in bid to acquire 75% stake in its Indian subsidiary
Zurich, Switzerland, July 27, 2010 – ABB, the leading power and automation technology group, said today its open offer to increase the stake in its Indian subsidiary from 52.11 percent to 75 percent has been successful.
During the three-week offer period, which closed today, shareholders of ABB India tendered approximately 23 percent of the outstanding shares. ABB will acquire the shares on a proportionate basis since the offer has been oversubscribed by approximately 1.5 percent. The offer of Rs 900 per share, which was announced on May 17, 2010, values the transaction at approximately $965 million (based on foreign exchange rates at the time of the announcement).

The share purchase is aimed at facilitating the long-term development of ABB's business in India.

Assuming all acceptances have been validly tendered, ABB will increase its stake in ABB India from 52.11 percent to 75 percent. The final payment and credit of shares tendered is expected on or before August 10, 2010. A post-offer public announcement, in accordance with local requirements, with details of the shares tendered in the open offer will be published once the acquisition of shares has been completed.

The open offer is being managed by HSBC Securities and Capital Markets (India) Private Limited.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 117,000 people

[sheeneqa] 09/6/2010 09:39

155 million oil and gas order in Kuwait
Turnkey project and automation systems to boost oil transfer facilities in the country

Zurich, Switzerland, June 7, 2010 – ABB, the leading power and automation technology group, has won a contract worth $155 million from the Kuwait Oil Company (KOC) for a turnkey project to design and build a new crude-oil transit line and associated ancillary systems.
The project includes the expansion of an existing manifold (a pipeline consolidation installation) at Point A, a location in the north of the country, and the installation of the new transit line. The 123 km, 30-inch-diameter transit line will run between oil fields in the north of the country and a storage facility in the south. It will be equipped with pipeline inspection gauges at 15 km intervals, a leak-detection system and metering stations.

The new installations are designed to transport up to 665 thousand barrels of oil per day from Point A to a tank farm in southern Kuwait. More than half of the oil will come from the newly established Jurassic field in northern Kuwait.

"ABB has the technologies, industry knowledge and experience to deliver this important project to our customers," said Veli-Matti Reinikkala, head of ABB's Process Automation division. "By providing reliable solutions and infrastructure, we help our customers to optimize the productivity and efficiency of their operations."

ABB will be responsible for the design, engineering, procurement, construction supervision, commissioning and start-up of the new system. ABB will also provide an automation system and distributed-control systems, as well as instrumentation, electrical equipment and an emergency-shutdown system. The project is scheduled for completion in spring 2012.

[sheeneqa] 25/5/2010 11:57

ABB wins breakthrough order to supply amorphous dry transformers in China
2010-05-21 - Environmentally friendly transformers with amorphous metal core can reduce CO2 emissions

Zurich, Switzerland, May 21, 2010 – ABB, the leading power and automation technology group, has won an order to supply amorphous dry-type transformers from its recently launched EcoDryTM line, for a real estate project being executed by the ZheJiang WanAn Real-Estate Co. Ltd. The transformers will be installed in a residential quarter in Zhejiang province, a coastal area in eastern China that borders the municipality of Shanghai.This is a breakthrough for the company in terms of supplying amorphous dry-type transformers to the Chinese market.
ABB's EcoDry transformers, which are built around amorphous alloy cores, can reduce 'no load' losses by up to 70 per cent and CO2 emissions by as much as 70 tonnes during the life of the transformer. The atomic structure of amorphous metal minimizes no-load losses in transformers when in stand-by or operating mode.

"The Chinese government strongly advocates energy-saving solutions to reduce environmental impact of industry and there is rising demand for high-efficiency, environmentally friendly transformers," said Tarak Mehta, head of ABB's Transformers business unit, a part of the company's Power Products division. "With our EcoDry product range of ultra-efficient dry-type transformers, we offer a solution that can reduce environmental impact and save operating costs."

[sheeneqa] 13/5/2010 07:38

ABB wins power order in Brazil
2010-05-07 - Substations and transformers to strengthen transmission grid and meet growing power demand

Zurich, Switzerland, May 7, 2010 – ABB, the leading power and automation technology group, has won an order to supply two new substations and expand two existing substations for Transmissora Delmiro Gouveia (TDG), which is jointly owned by the Brazilian state utility CHESF (part of the Eletrobrás group) and ATP Engenharia, a leading engineering concern. TDG is investing around US$ 130 million in these substations, and ABB has been assigned a significant portion.The order was booked in the first quarter.
ABB will deliver one of the largest transformers ever built in Brazil for the project, providing one of the new substations with twice the transforming capacity of typical substations in the country. ABB will also increase the transforming capacity of two existing substations. The new installation will be located in Ceará and the two extensions in Maranhão, both states in northeastern Brazil.

[sheeneqa] 13/5/2010 07:37

B LTD. (TICKER: ABB) has been off many investors' grids for too long.

Swiss-based ABB, which makes automated technologies for utilities and other industrial clients, had a difficult time throughout the global recession as spending on infrastructure dwindled.

But investor pessimism has opened a window of opportunity for a stock that is highly leveraged to a global upturn, signs of which are already appearing.

ABB's American depositary shares trade at just 13 times forward earnings, with a 2.4% yield. Yet the company is projected to generate earnings growth of well over 30% in 2011.

[ariane] 26/4/2010 10:28

She
trust you are well

i hope you don't mind if i start a new thread

showing ABBN as the new epic

Ann tends to detract from abb as a great share

enjoy your week

[grupo guitarlumber] 23/4/2010 19:44

ABB advanced 2.7 percent to 22.44 Swiss francs. While first-quarter results were "weak," base orders "improved 15 percent sequentially and March showed more positive trends in all divisions," BofA-Merrill Lynch wrote in a note today. The brokerage also said the world's largest builder of electricity networks offers "one of the better long-term growth profiles in the industry."

[waldron] 22/4/2010 10:41

Dividend information

ABB's Board of Directors has proposed a dividend for 2009 of 0.51 Swiss francs per share, an increase of 0.03 Swiss francs per share, or 6 percent, compared to the prior year. The Board has also proposed that the dividend takes the form of a reduction in the nominal (par) value of the shares from 1.54 Swiss francs to 1.03 Swiss francs.
The proposal is subject to approval by shareholders at the company's annual general meeting on April 26, 2010. If approved, the ex-dividend and payout date in Switzerland is expected in July 2010.

[waldron] 22/4/2010 06:30

ABB 1Q Net Drops 29% On Lower Volumes, Depressed Pricing
By Goran Mijuk

Of DOW JONES NEWSWIRES

ZURICH (Dow Jones)

ABB Ltd (ABB) Thursday reported a 29% drop in first quarter net profit as lower sales, pricing pressure and revamp charges hurt earnings, but the company said it is confident that the improving global economy should help it going forward.

The Zurich-based firm said net profit for the three months to the end of March fell to $464 million from $652 million a year earlier. The result was below forecast as ABB was also hurt by a $80 million charge in connection to currency movements and derivatives. Twelve analysts polled by Dow Jones Newswires expected net profit of $502 million.

"We had a challenging first quarter on the power side while seeing some encouraging signs of growth in our short-cycle businesses, mainly in the automation markets," said Chief Executive Joe Hogan. "Thanks to the progress we've made on our cost-out program, however, our profitability remains within the target range."

"Given the improving global economy, we're cautiously optimistic that the momentum should continue to build for our short cycle businesses, especially in the emerging markets, driven by increasing industrial production," Hogan added.

Demand remained sluggish in Europe and the U.S., while the performance in emerging markets helped ABB deal with the downfall in industrialized countries. In the past quarter, ABB won orders worth some $100 million in Peru, around $107 million to build power infrastructure in Africa and the Middle East. Large orders worth around $90 million came from Europe.

Web Site:www.abb.com

-By Goran Mijuk, Dow Jones Newswires, [phone]; [e-mail]

[waldron] 23/3/2010 08:44

Morgan Stanley lifts target on ABB to CHF25
Posted on: Mon, 22 Mar 2010 05:29:09 EDT

Symbols: MS, ABB
Do you know when to trade MS & ABB ?

Check for a PowerRating from TradingMarkets

Dublin, Mar 19, 2010 (M2 PRESSWIRE via COMTEX) --
22 March 2010 - Morgan Stanley raised Monday its share price target on Swiss-Swedish engineering group ABB Ltd (VTX: ABBN) (STO: ABB | Quote | Chart | News | PowerRating) to CHF25 from CHF23 and rated "equal weight" on the stock.

The broker has upgraded its estimates for ABB's profit for 2010 and 2011 by 5.4% and 7.5%, respectively. With its restructuring programme, the group will be able to compensate for the decline in prices and volume and thereby keep the margins stable.

"We see potential for guidance upgrades in 2010 when the resistance power in the margins becomes visible," Morgan Stanley said.

The broker also sees a chance that ABB will post a surprising order intake next year. The share price target in such a more optimistic scenario is about CHF33, corresponding to an upside potential of some 45% over the current levels.

Last Friday, the shares in ABB closed at CHF22.42, down by 1.84% on the day, on the SIX Swiss Exchange. In Stockholm, the stock had lost 1.37% to SEK150.80.

(EUR1 = CHF1.4, EUR1 = SEK9.7)

Comments on this story may be sent to

[e-mail]

For full details on Morgan Stanley (MS) MS. Morgan Stanley (MS) has Short Term PowerRatings at TradingMarkets. Details on Morgan Stanley (MS) Short Term PowerRatings is available at This Link.

For full details on Abb Ltd (ABB) ABB. Abb Ltd (ABB) has Short Term PowerRatings at TradingMarkets. Details on Abb Ltd (ABB) Short Term PowerRatings is available at This Link.

[ariane] 12/3/2010 14:36

ABB surged 1.6 percent to 22.52 francs. Citigroup lifted its share-price estimate to 27 francs from 23 francs, citing "attractive longer-term growth prospects."

[ariane] 18/2/2010 06:36

ABB 4Q Net Profit Jumps To $540 Million, Increases Dividend

By Goran Mijuk

Of DOW JONES NEWSWIRES

ZURICH (Dow Jones)

ABB Ltd. (ABB) Thursday reported a more than twofold rise in fourth quarter net profit on the absence of crippling charges and as the Switzerland-based electrical engineering company benefited from cost cutting.

The company said net profit for the three months to the end of December rose to $540 million, up from $213 million a year earlier when the company had to make legal provisions and take revamp charges. The figure beat the $447 million forecasts of 11 analysts polled by Dow Jones Newswires.

"By acting quickly and decisively, we delivered a 2009 result well within our profitability target," said Chief Executive Joe Hogan.

Thanks to strict cost controls and financial management, the company also boosted its operating cash flow 30.9% to $1.78 billion from $1.36 billion a year earlier, allowing ABB to lift its dividend 6% to CHF0.51 Swiss francs ($0.46) per share, up from CHF0.48.

Looking ahead, Hogan said: "We'll continue to aggressively pursue growth in emerging markets...and at the same time, cost will remain a key focus."

ABB said it will expand its cost savings target to $3 billion, up from about $2 billion previously.

ABB's order development was strong. In the fourth quarter, orders rose 4% to $7.45 billion from $7.18 billion, partly helped by the weak dollar and still healthy demand in Asia. Orders are closely watched by the market as they indicate future revenue streams.

Revenue, meanwhile, fell 4% to $8.76 million from $9.14 billion a year earlier.

Web Site:

-By Goran Mijuk, Dow Jones Newswires, [phone]; [e-mail]

[grupo guitarlumber] 09/2/2010 16:42

Investor calendar

2010
February 18 Fourth-quarter and full-year 2009 results
April 22 First-quarter 2010 results
April 26 Annual General Meeting Zurich, Switzerland
April 27 Annual Information Meeting Västerås, Sweden
July 22 Second-quarter 2010 results
October 28 Third-quarter 2010 results

[grupo guitarlumber] 09/2/2010 16:40

trust you are well She
and you have a great 2010

[sheeneqa] 09/2/2010 11:39

ABB wins $104 million power order in UAE
Zurich, Switzerland, Feb. 9, 2010 - ABB, the leading power and automation technology group, has won an order worth $104 million from FEWA (Federal Electricity & Water Authority) in the United Arab Emirates to supply substations that will help increase power supplies in the north to meet a growing demand for electricity. The order was booked in the first quarter of 2010.