Share Name Share Symbol Market Type Share ISIN Share Description
Abb LSE:ANN London Ordinary Share CH0012221716 CHF2.50(REGD)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1,356.41p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 29,986.40

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Abb Daily Update: Abb is listed in the Unknown sector of the London Stock Exchange with ticker ANN. The last closing price for Abb was 1,356.41p.
Abb has a 4 week average price of - and a 12 week average price of -.
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There are currently 2,210,717,896 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Abb is £29,986,398,613.13.
waldron: 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 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: 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."
grupo guitarlumber: February 12, 2009 - 9:46 PM ABB accelerates move to cheaper markets Image caption: Hogan is prepared to grasp the nettle (Keystone)Swiss-Swedish engineering company ABB will speed up its programme of beefing up operations in emerging markets in the face of deteriorating market conditions. The firm said it must reduce costs and exploit higher demand for its services in countries including Mexico and Poland after profits and orders fell appreciably last year. ABB announced on Thursday that net profits tumbled by 17 per cent in 2008 to $3.1 billion (SFr3.6 billion). This included an 88 per cent fall in fourth-quarter net profit to $213 million. The company that specialises in equipment and services for the energy and automotive sectors also cautioned that orders had fallen by about ten per cent in the last three months of 2008 – particularly large scale projects. It plans to reduce costs by $1.3 billion in the next two years. ABB revealed that it has built or expanded 30 plants in emerging markets in the last year. Staff in countries including Estonia, Vietnam, Brazil and Egypt now make up 44 per cent of total headcount compared with 30 per cent four years ago. No evacuation New chief executive Joe Hogan would not comment directly on how this could affect jobs in developed markets, including the home bases of Switzerland and Sweden. But he told swissinfo that the focus was on expanding operations in cost efficient countries. "It's going to accelerate. We have to do that in the sense of the economic environment that we are faced with," he said. "Obviously when order rates are down ten per cent in the fourth quarter, with some businesses down 30 per cent, then we have to take cost actions." Hogan, who joined the group a year ago after the shock departure of former CEO Fred Kindle, added that cost reductions would only be made in underperforming divisions in countries with low demand. "This will not be a complete evacuation from high-cost to low-cost countries," he said. ABB increased its staff by 8,000 last year to 120,000. The company also hopes to cash in on infrastructure projects in developed countries financed by a raft of government stimulus packages. Positive signs Annual profits were hit by a previously announced $870 million provision largely to cover the costs of investigations in the United States and Europe into suspect payments and alleged anti-competitive practices between 2004 and 2007. Of that sum, $140 million was earmarked for restructuring costs. ABB said it would halt its SFr2.2 billion ($1.9 billion) share buyback scheme until further notice to safeguard its $5.4 billion cash stockpile. The firm spent $650 million on company takeovers last year and said it would continue to look at small to mid-sized targets. Hogan admitted that the immediate future was uncertain, but insisted that the company would not cut its previously announced growth targets until 2011. ABB has enjoyed a remarkable turnaround in fortunes after facing bankruptcy at the turn of the century. "Orders were down as customers delayed projects or cut capital expenditures. But the long-term drivers of our business – to increase energy efficiency, secure reliable power and improve industrial productivity – have not changed," he said. swissinfo, Matthew Allen in Zurich ABB 2008 FULL-YEAR RESULTSNet profit: $3.1 billion ($3.76 billion in 2007) Revenues. $34.9 billion ($29.2 billion) EBIT (earnings before interest and tax): $4.55 billion ($4 billion) Total staff: 120,000 (112,000) A shareholder dividend of SFr0.48 per share has been proposed. -------------------------------------------------------------------------------- ABB IN EMERGING MARKETSABB employed 52,659 staff in emerging markets (EMs) in 2008, compared with just under 30,000 in 2004. The proportion of total group headcount rose from 30% to 44%. Some 45% of all manufacturing employees are based in EMs. The group has increased its sourcing spending (procurement of goods, materials and services) from EMs by $5 billion since 2005. EMs will provide 40% of the group's total sourcing by 2010, according to ABB plans. ABB built or expanded 30 manufacturing plants in EMs last year. The company plans to expand both manufacturing and engineering capacity in these countries in future. -------------------------------------------------------------------------------- LINKSABB ( ABB statement ( ABB share price ( -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- URL of this story:
grupo guitarlumber: ABB "buy," target price reduced 04/10/08 - Kaupthing LONDON, April 10 ( - Analysts at Kaupthing Bank maintain their "buy" rating on ABB Ltd (ABJ), while raising their estimates for the company. The target price has been reduced from SEK215 to SEK210. In a research note published yesterday, the analysts mention that the company's share price is likely to be range-bound, until a new CEO is appointed. ABB is expected to report robust order intake for 1Q08, the analysts say. The company is likely to have generated robust organic growth of 9% in the quarter, Kaupthing Bank adds. The EPS estimates for 2008 and 2009 have been raised by 1.8% to reflect the revised forex assumptions.
ariane: February 13, 2008 - 8:51 AM Fred Kindle in surprise departure from ABB Image caption: Fred Kindle is credited with having a huge influence on ABB's turnaround (Keystone)Zurich-based engineering group ABB has announced the sudden departure of its chief executive Fred Kindle owing to differences of opinion about leadership. The surprise move came as the group announced very strong full-year results a day early. Full year net income for 2007 more than doubled to SFr4.18 billion ($3.8 billion) compared with SFr1.54 billion in 2006. Kindle, who was named Swiss Entrepreneur of the Year last December, joined the company in 2004 and took over as president and CEO in 2005. He oversaw a period of strong growth and return to profitability at ABB. "Fred Kindle is leaving the company due to irreconcilable differences of opinion about how to lead the company," the group said in a statement. However the board said it fully supported the strategic targets announced by Kindle in September 2007 and was confident in the executive committee's ability to drive the strategy forward. Chief financial officer Michel Demaré has been named interim CEO. The board will "immediately" begin the search for a successor for Kindle, ABB said. Tribute The chairman of the ABB board Hubertus von Grünberg paid tribute to Kindle's work. "The board is very thankful to Fred Kindle for driving the company to the extraordinary level of performance it achieved over the past three years. "He successfully streamlined and strengthened the company's operations around the world. Under his leadership, ABB today is a leading company in respect of growth, profitability and business ethics," von Grünberg added. Some reports say that Kindle's greatest differences on the future strategy of the company were with von Grünberg, who had reportedly fought with executives at other companies in the past. However, von Grünberg denied that Kindle's departure resulted from a clash of egos. During a conference call with journalists he also ruled out disgreements over acquisition or share buyback strategy, despite Kindle's notoriously conservative approach. "There was no board clash with Kindle over what to pursue," von Grünberg declared. The conference call failed to shed any light on Kindle's shock departure. Von Grünberg said he was "miserable" when he got out of bed this morning knowing he would not be able to provide answers, but called for patience. He was adamant, however, that there were no skeletons lurking in the closet surrounding Kindle's short reign. "There is no ugly thing associated with Mr Kindle's departure. Mr Kindle is a highly ethical person and the board had total trust in him. There is nothing lurking in the bushes," he said. Strong results ABB's surprise decision to announce its headline results a day before the scheduled annual report showed the company remained in robust health. The dramatic leap in profits from SFr1.54 billion to SFr4.18 billion includes a gain on the sale of ABB Lummus Global of SFr584 million and a positive impact of SFr523 million from the recognition of deferred tax assets. The ABB board will propose a dividend of SFr0.48 per share to the annual general meeting on May 8. The company said it had decided to start a share buyback programme up to a maximum value of SFr2.2 billion. ABB will report its complete 2007 results and hold media and analyst briefings on Thursday, as scheduled. swissinfo with agencies ABOUT ABBABB specialises in heavy industrial electrical switches, transformers, generators, circuit breakers, cables and related software and communications systems. Such products are typically used by power plants, oil and gas companies. ABB operates in about 100 countries and employs more than 110,000 people. -------------------------------------------------------------------------------- FRED KINDLEKindle, born in 1959, is a joint Swiss/Liechtenstein citizen. He joined ABB in 2004 and became president and CEO in January 2005. He started his professional career as a consultant with McKinsey in New York and Zurich and also worked with the technology company Hilti. He then took a job with Sulzer in 1992. He became CEO in 2001 and led the company through a period of change. -------------------------------------------------------------------------------- LINKSABB ( ABB share price ( -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- URL of this story:
ariane: source:FT Optimistic engineers Published: February 11 2008 09:40 | Last updated: February 11 2008 09:40 Why is ABB special? The European capital goods sector has had a poor few months in share price terms as the sector as a whole has de-rated. But while ABB shares have lost a quarter of their value in three months, they remain highly prized, trading on 19 times this year's earnings to the broader sector's sub-12 multiple. The attraction is power. Around 45 per cent of ABB's sales are in power transmission, with another fifth related to the mining and energy sector. Structural underspending on power networks over the last 30 years, particularly in the US, should mean many years of work ahead. The recent approval of transmission corridors – areas where individual states cannot object to the laying of new power lines – should also speed the process. Across the Atlantic the European Commission's desire for more energy trading between countries is likely to see spending on inter-country connections increase. And the renewable power sources into which so much is being invested need connecting to transmission grids. In Asia, meanwhile, rising demand for reliable power supplies continues apace: China's investment in its power grid should rise from $34bn last year to $48bn in 2010. However, unlike Alstom, which is exposed purely to power generation and rail infrastructure, the remaining quarter of ABB's business is automation technology for industry. This is just as vulnerable as making ball bearings or machine tools if industrial capital spending falls. But while a slowdown is much anticipated by ABB's and other share prices, it has yet to show up in reported numbers from Swedish bellwethers Sandvik and SKF. Similarly Schneider Electric's main American competitor Eaton forecasts sales to be up 5-6 per cent this year, and underlined its confidence with a dividend hike. Schneider itself is exposed to the ongoing, and likely long-lasting drive by governments and companies to improve energy efficiency, and survived the last recession relatively unscathed. If the reporting season continues to pass without unpleasant surprises, some of the pessimism may have to be reassessed.
waldron: Investor AB Dec 31 NAV falls to 203 skr/share from 208 skr - UPDATE Date : 22/01/2008 @ 08:19 Source : TFN Investor AB Dec 31 NAV falls to 203 skr/share from 208 skr - UPDATE (Updating with more investment details, CEO comments) STOCKHOLM (Thomson Financial) - Investor AB said its net asset value per share fell to 203 skr on Dec 31 from 208 skr at the end of 2006, and the investment company is proposing a full year dividend of 4.75 skr per share, up from 4.50 skr. In 2007, Investor's total return per share - the share price change plus reinvested dividends - was minus 10 pct compared with plus 24 pct for 2006. Overall net asset value fell to 155.204 bln skr on Dec 31 from 159.320 bln skr at the end of 2006. The company posted a net loss for the full year of 367 mln skr compared with a profit of 28.486 bln skr a year earlier, reflecting a fall in market value of the company's investments. The contribution to net profit of the group's core investments - largely blue-chip shares - swung to minus 4.535 bln skr in 2007 from a positive 29.942 bln in 2006. Within the core investments, ABB, Scania, Ericsson, and SEB had the greatest impact on net profit, with contributions of, 10.619 bln skr, 4.929 bln skr, minus 9.684 bln skr, and minus 6.636 bln skr, respectively. In Core Investments in the fourth quarter, shares were purchased in Atlas Copco for 84 mln skr, in Husqvarna for 255 mln skr, in Electrolux for 354 mln skr, and in Ericsson for 150 mln skr. In total, net investments totaled 4.3 bln skr during the year. Private equity investments made a positive contribution to net profits of 5.953 bln skr in 2007, up from 664 mln skr in 2006. Private Equity Investments' net asset value was 17.718 bln skr on Dec 31, up from 15.181 bln at year-end 2006. Investments within the business area during the year comprised 3.063 bln skr in new investments (versus 3.626 bln) and 564 mln skr in add-on investments (versus 864 mln skr). Commenting on Investor's leverage policy, chief executive Boerje Ekholm said: "We believe it is appropriate to have a leverage of 5-10 pct over a business cycle based on return, risk and tax considerations. We could still allow leverage up to 25 pct for a period of time, assuming we have a plan to bring it back down." Investor said it will ask the AGM for a renewed mandate to buy back shares. "With the return potential we see in new investments within Operating Investments and Private Equity, clearly in excess of 15 pct, our board and the management team believe our shareholders will benefit more if we exploit these investment opportunities at this point in time. However, a mandate to repurchase shares gives the board the flexibility to adjust the capital structure if needed," Ekholm said. hc/cw/hc/cw
ariane: Switzerland's SMI Index Advances, Paced by Roche, ABB, Banks By Daniela Silberstein Oct. 10 (Bloomberg) -- Swiss shares gained for a fourth day, led by Roche Holding AG, after the drugmaker's chief executive officer said he is confident the takeover of Ventana Medical Systems Inc. will succeed. ABB Ltd. rose after Goldman, Sachs & Co. raised its price estimate for shares of the world's biggest maker of power networks. Credit Suisse Group and Julius Baer Holding AG also advanced. The Swiss Market Index of the largest and most actively traded companies added 29.85, or 0.3 percent, to 9,167.67 at 12:57 p.m. in Zurich. The broader Swiss Performance Index advanced 23.42, or 0.3 percent, to 7,465.97. Roche climbed 3.5 Swiss francs, or 1.6 percent, to 216.6, the biggest gain in three weeks. The world's biggest maker of cancer medicines will not raise its $3 billion hostile offer for Ventana, the Financial Times reported, citing an interview with Roche Chief Executive Officer Franz Humer, since no rival offers have emerged. ABB advanced 30 centimes, or 0.9 percent, to 32.28 francs. Goldman Sachs increased its price target on shares of the powergrid maker to 31.4 francs from 30. Credit Suisse, Switzerland's second-biggest bank, gained 70 centimes, or 0.9 percent, to 82 francs. Julius Baer, the country's largest independent money manager for the wealthy, increased 85 centimes, or 0.9 percent, to 94.2 francs. The following shares also rose or fell in the Swiss market. Stock symbols are in parentheses. Logitech International SA (LOGN VX) lost 1.06 francs, or 3 percent, to 34.04, the biggest drop in two months. Merrill Lynch & Co. cut its recommendation on shares of the world's largest maker of computer mice to ``neutral'' from ``buy.'' Meyer Burger Technology AG (MBTN SW) climbed 28 francs, or 8.2 percent, to 370. Goldman Sachs added shares of the maker of precision saws to its European ``conviction buy'' list. ``Stronger-than-forecast growth in solar wire saw sales, new bricking machine sales and increasing service revenues with higher margins, plus replacement sales should drive growth in margins and profitability,'' analysts including Jason Channell in London wrote in a report to investors. Nestle SA (NESN VX) dropped 4 francs, or 0.8 percent, to 509. Societe Generale SA downgraded shares of the world's largest food company to ``sell'' from ``hold.'' SEZ Holding AG (SEZN SW) lost 40 centimes, or 1.6 percent, to 25.5 francs. Citigroup Inc. cut its share-price estimate for the maker of semiconductor equipment to 27 francs from 31 after SEZ lowered its full-year sales and profit forecast yesterday. Valora Holding AG (VALN SW) rallied 13.1 francs, or 5.3 percent, to 262.5. Switzerland's biggest newspaper seller has attracted the interest of investors who may aim to take over the company and divest its units after a slump in the share price, Finanz & Wirtschaft said, without citing anyone. To contact the reporter on this story: Daniela Silberstein in Zurich at . Last Updated: October 10, 2007 07:11 EDT
waldron: ABB May Opt for Big Purchase, Spurning Calls for Cash Return By Antonio Ligi Sept. 5 (Bloomberg) -- ABB Ltd. Chief Executive Officer Fred Kindle may be ready to make a big acquisition after returning the world's largest electrical-grid maker to profitability and amassing more than $2 billion in cash. That might be a big mistake, said Thomas Lusetti, a Zurich- based fund manager at VP Bank AG who helps manage the equivalent of $26 billion including ABB. ``I would like a share buyback a lot more,'' Lusetti said. ``There are shareholders who stood by during the difficult times. They certainly would appreciate a biscuit in the form of an increased dividend.'' Kindle, 48, has increasingly hinted that he's leaning toward a takeover of ``many billions.'' He's promised not to repeat the mistakes of the 1990s, when ABB snapped up more than 200 companies during a spending spree that pushed it close to bankruptcy. Asbestos claims also contributed to the financial crisis. Of 28 analysts surveyed by Bloomberg, 22 rate the shares ``buy.'' That may change if investors don't like what Kindle has to say when he updates them on his strategy today in Zurich. ``ABB has a very bad track record in acquisitions,'' said Panagiotis Spiliopoulos, an analyst at Bank Vontobel in Zurich who has a ``buy'' rating on the stock. ``Kindle should wait. It isn't the right time yet.'' ABB shares have more than tripled since the company's last major purchase in September 2001, outpacing Munich-based Siemens AG, Europe's largest engineering company. That's given ABB a market value of 68.4 billion francs ($56.5 billion). Dividend Yield Under Kindle, ABB has posted a profit the past two years after four years of losses. The company had net cash of $2.4 billion as of June 30. A recent disposal may increase that by almost $1 billion and one analyst said the company may have $8.6 billion in cash, including a possible share issue, by the end of 2007. In 2006, ABB was able to pay a dividend for the first time in five years. Its dividend of 24 cents a share paid out this year is one-sixth of Siemens's. ``The dividend yield isn't big,'' said Dieter Buchholz, a fund manager who helps oversee $107 billion at AIG Private Bank Ltd. in Zurich including ABB shares. ``They could do more.'' ABB's dividend yield is 0.81 percent, compared with St. Louis-based Emerson Electric Co., the world's largest maker of power equipment for oil companies, at 2.12 percent, and France's Schneider Electric SA, the world's biggest maker of circuit breakers, at 3.03 percent, according to Bloomberg data. Dividend yield is used to evaluate return on a stock excluding the effect of price appreciation. Final Milestone Formed in 1988 through the merger of BBC Brown Boveri of Switzerland and ASEA AB of Sweden, ABB makes components and systems to transmit and distribute electricity, motors and generators as well as robots. Its workforce has shrunk to about 111,000 from a peak of 219,000 in mid-1998 as units including paper-making equipment and water treatment were jettisoned. ``A look at the past shows that they bought too much and too fast,'' Buchholz said. ``To invest in their own business is better. Big acquisitions are always difficult to integrate.'' ABB on Aug. 27 agreed to sell its U.S.-based Lummus Global energy services' unit to Chicago Bridge & Iron Co. for $950 million, capping six years of divestitures. Kindle, who took over in January 2005, called the transaction the ``final milestone'' of ABB's strategy of selling units to focus on power and automation technology. Proceeds from the deal will add to ABB's cash holdings, which Gerard Moore of Societe General estimates may reach as much as $8.6 billion by the end of 2007. In May, investors approved a proposal to increase the share capital by a maximum of 200 million shares with a par value of 2.5 francs each. The sale must take place no later than May 3, 2009. Asbestos Action Lummus Global was the last of ABB's divisions to be sold that had been weighed down with asbestos-related claims that almost sank the company in 2002. The unit had filed for bankruptcy in 2006 to resolve remaining asbestos actions. Another U.S. unit, Combustion Engineering, was the target of more than 430,000 lawsuits by claimants who said their health was impaired by exposure to asbestos from its boilers. ABB resolved the bulk of those claims last year with a $1.43 billion settlement plan. After shedding Lummus, ABB should have almost $3.4 billion in net cash, said analyst Alessandro Migliorini of Pictet & Cie.'s Helvea SA brokerage unit in Geneva. That will increase to more than $4.5 billion by years' end, he said. ``We expect the company to provide an indication of whether it will retain the cash pile for potential acquisitions, or start making share buybacks,'' said Migliorini, who rates ABB ``neutral.'' A buyback would help sustain an already ``pretty high share price,'' Lusetti said. Potential Targets ABB's shares, which closed at 29.88 francs on the Swiss Stock Exchange yesterday in Zurich, trade at an estimated price- earnings ratio of 22.22. That compares with Emerson Electric at 18.90 and Schneider Electric SA at 14.87, according to Bloomberg data. Some analysts, including Societe General's Moore, say acquisitions will add more shareholder value than a buyback. ``The key issue for the shares to continue outperform is the ability to use its fast-expanding net cash position to make accretive acquisitions,'' Paris-based Moore wrote in a research note. He has a ``hold'' rating on the stock. ABB last spent more than $1 billion on a takeover eight years ago when it bought Elsag Bailey Process Automation NV for $2.1 billion from Finmeccanica SpA. France's Legrand SA and Milwaukee-based Rockwell Automation Inc. are now Kindle's main potential targets, Moore wrote. Too Expensive Legrand, the world's biggest maker of switches and plugs for homes and offices, has a market value of 7 billion euros ($9.53 billion) while Rockwell, a maker of factory automation equipment, is valued at $10.9 billion. ABB would benefit from Limoges-based Legrand's strength in the ``highly'' profitable ultra-low voltage market, Moore said. Rockwell would fit as well because ABB is rather ``weak'' in automation sales in the U.S., where it gets 14 percent of its revenue. Mark Troman, a Merrill Lynch & Co. analyst in London who has a ``buy'' rating on ABB, wrote in a May 29 note that a purchase of Legrand or Rockwell is ``unlikely'' because they are too costly. Kindle has said several times that he's targeting companies for ABB's automation and power-products units, and that the most attractive markets are Asia and North America. Spiliopoulos said a buyback announcement by Kindle is unlikely ``as acquisition opportunities may still arise.'' ``I don't think they should prove that they can do a big acquisition,'' he said. ``Legrand and Rockwell aren't running away. I think they will do some smaller acquisitions and, rather later, a share buyback.'' To contact the reporter on this story: Antonio Ligi in Zurich at . Last Updated: September 4, 2007 18:10 EDT
waldron: Deutsche Bank Ag STOCKWATCH ABB rebounds in morning trade boosted by Deutsche Bank price hike ZURICH (Thomson Financial) - ABB Ltd shares were sharply higher in morning trade on a rebound supported by a Deutsche Bank price target hike to 30 sfr, from 26 previously, with the broker saying it had a "bullish industry outlook". Deutsche Bank also reiterated its 'buy' rating. At 9.55 am, ABB was 2.4 pct, or 0.65 sfr higher at 27.65, while the Swiss Market Index was 104.62 points up at 8131.58. "The share price rise is in reaction to Deutsche Bank's target price hike," said a Credit Suisse trader. He added that the stock price had made some corrections in recent days, but combined with today's more positive market sentiment and the boost from Deutsche Bank, the share price had rebounded. "In our view, ABB is a 'buy' and a long-term 'buy', because it is still benefiting from globalisation and strong growth in emerging markets like Asia," said the trader. sf/cm2
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