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[grupo guitarlumber] 19/8/2010 19:54

Alstom : support à 38.7.

Buzzer ! 0 Imprimer..Sujets :Bourse.Le jeudi 19 août 2010, à 17h 54
Sur les 5 derniers jours, le titre a peu évolué, perdant 1.77%. Depuis le début de l'année, il est en baisse de 17.38%.

Du point de vue de l'analyse technique : le RSI est supérieur à sa zone de neutralité des 50. Le MACD est inférieur à sa ligne de signal et positif. Le titre pourrait corriger à court terme. Enfin, le titre est supérieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en baisse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 44.5 puis 45.9. Tandis que les prochains supports sont sur : 39.6 puis 38.7.

Notre préférence : Achetez Alstom (ALO) tant que 38.7 est support.

Le point d'invalidation de notre scénario est situé sur : 38.7.
Cours de référence : 40.5.

[grupo guitarlumber] 15/8/2010 14:28

Investors Events
Financial Calendar

Fiscal Year 2010/11

20/07/2010 First quarter orders and sales
21&22/09/2010 Analyst Day in Aix les Bains (France)
04/11/2010 Half-year Results of FY2010/11
20/01/2011 First nine months orders and sales

[waldron] 14/8/2010 09:16

China

Inter-city rail projects cleared
English.news.cn 2010-08-14 11:13:44 FeedbackPrintRSS


A bullet train ready for departure at the Tianjin Railway Station. (Photo source: China Daily)

Beijing, August 14 (Xinhuanet) -- The National Development and Reform Commission (NDRC) on Friday approved a batch of inter-city rail transit networks, spanning more than 2,000 kilometers, to accelerate regional integration.

The nation's economic planner said on its website that it has cleared the plan to build the network across central China, mainly in Henan province. The network is expected to link nine cities and has a total length of 496 kms.

It also includes amendments on plans of the networks across the Pearl River Delta region, with a length of 1,478 kms, as well as metro lines in Xi'an, the capital city of Northwest China's Shaanxi province.

"The plans are a continuation of China's supportive policy on infrastructure construction," said Ou Guoli, a professor at the business and management department of the Beijng Jiaotong University.

"It will create huge investment opportunities and benefit industries like steel, cement and telecommunications," Ou said.

According to Ou, the average cost of a railway transit system ranges from 100 million yuan to 200 million yuan per km.

The cost is even higher for metro lines, with an average cost of 600 million yuan per km.

China's urbanization has come to a certain stage when there are more and more requirements on transportation efficiency, indicating a speed-up in the country's rail transit system, Ou said.

China has launched 31 metro lines in 10 cities. The State Council last year approved 79 additional metro lines in 22 cities, at an estimated investment cost of around 882 billion yuan. That in turn is expected to create huge demand for rail-related businesses, particularly, for train makers.

China CSR, one of the two largest train makers in China, has teamed up with the Henan and Guangdong provinces to cash on the booming city rail transit system.

"Two years back, we had an annual production capacity of 2,000 units. It still lags behind (the booming demand)," Zhao Xiaogang, chairman of China CSR, told Forbes China magazine in a recent interview.

The Chinese company plans to ramp up annual production capacity to 3,000 units this year.

French train maker Alstom has sold more than 1,200 trains to Shanghai Metro and over 400 in Nanjing. It also provides metro signaling systems for Beijing, Guangzhou and Shenzhen. Alstom said it is now looking for opportunities in the second-tier cities.

(Source: China Daily)

Editor: Zhang Xiang

[waldron] 10/8/2010 10:44

Posted on Tue, Aug. 10, 2010


Fast Track
Is America ready for high-speed rail?
Foreign firms see profits in U.S. high-speed rail
By Paul Nussbaum

Inquirer Staff Writer

Third of four parts.

LA ROCHELLE, France - The train factory here on the Bay of Biscay was created in 1918 by the masters of the industry - the Americans - to build troop transports during World War I.

Today, French engineers, welders, and electricians work in the same long sheds for the French manufacturer Alstom Transport, building the great-great-grandchildren of those early trains - sleek tubes of aluminum that travel at 225 m.p.h. They hope their new customers will include the old bosses, the Americans.

About 500 miles south, near Madrid, the Spanish manufacturer Talgo is building high-speed trains with a novel tilting design to permit faster speeds on curves and a gauge-changing mechanism to accommodate different rail widths without stopping. The factory walls have pictures of Talgo's first train, built 60 years ago by American Car & Foundry Co. in Wilmington, Del.

Once the world's railroad leader, with train makers such as Philadelphia's own Baldwin Locomotive Works, the United States is now a backwater, dependent on foreign companies to fulfill its dreams of high-speed passenger rail.

The French, Spanish, Germans, Japanese, or Chinese will provide the expertise that is a lost art in the United States. The countries that once relied on American ingenuity to build their trains now vie with one another to sell high-speed rail systems to the United States.

But, since U.S. law requires that the trains be built in the United States by American workers, foreign-owned train factories could mean thousands of jobs and billions of dollars for U.S. locales.

And the construction of bridges, tunnels, and stations around the country could mean work for tens of thousands more Americans.

Vice President Biden cited those jobs when he and President Obama announced $8 billion in federal grants for high-speed rail this year in Tampa, Fla.

"How can we, the leading nation in the world, be in a position where China, Spain, France - and name all the other countries - have rail systems that are far superior to ours?"

After noting how high-speed trains would reduce congestion, cut pollution, and increase productivity, Biden said: "Most important, we're creating jobs - good jobs. Construction jobs. Manufacturing jobs. And we're going to be creating them right now. We're going to spur economic development in the future and we're making our communities more livable all in the process."

A recent report by Duke University researchers estimated the number of jobs that U.S. rail spending would create: 24,000 construction and manufacturing jobs per $1 billion in capital investment, and 41,000 operation and maintenance jobs per $1 billion in operating investment.

In Spain, the government's ambitious push to build Europe's largest high-speed network has created 600,000 jobs in the last five years, according to officials of Adif, the Spanish rail-infrastructure firm.

That includes massive public-works projects such as bridges and tunnels, including a five-mile-long tunnel beneath the heart of Madrid to provide a high-speed rail connection between the city's two main train stations.

In La Rochelle, about 1,400 people work at the Alstom train factory, building equipment ranging from light-rail trams for Algiers and Jerusalem to the latest generation of high-speed trains for France and Italy.

Their pride and joy is the new AGV, the Automotrice à Grande Vitesse, or "high-speed self-propelled carriage," Alstom's newest entry in the high-stakes business of high-speed trains.

Introduced by President Nicolas Sarkozy at ceremonies in La Rochelle in 2008, the 224-m.p.h. AGV is designed to compete with the newest German, Japanese, and Chinese trains.

Workers are completing their first AGV export order, 25 sleek, Ferrari-red trains for the private Italian railway operator NTV, which will start running the trains between Milan and Naples next year.

The order is worth $800 million ($1.8 billion, including maintenance contracts).

The AGV, unlike its predecessors, has no locomotives. The electrical power to drive the train is distributed among the individual cars. The result is a lighter, faster train, with the capacity to carry more passengers.

"Fully loaded, the AGV weighs less than its competitors do empty," Yannick Legay, Alstom's product-policy manager, said proudly.

To cut down on wind resistance, the beak-nosed AGVs employ aluminum covers over wheel wells, rooftop cavities, anything that might create drag. On the AGV, Legay said, 95 percent of the train's energy is used to overcome aerodynamic drag, so seamless sleekness is crucial.

Aided by robotic welders, Alstom workers transform panels of stiff aluminum into car bodies, into which electricians pull miles of wire harnesses. Wheel sets, heating and air-conditioning systems, plumbing, and, finally, seats, are installed, and then it's off to the paint shop for the final exterior touches.

Workers here can produce about one AGV train set a month, which typically means eight cars.

This is the kind of work that Alstom, like other foreign train makers, would like to bring to the United States.

A country needs three things, Legay said, to develop high-speed rail: "Cities. Money. And political will."

A veteran of previous failed efforts to build high-speed rail in Texas and Florida, Legay said the missing ingredient in the United States has always been the political will. Perhaps now, he said, that has changed.

With a voter-approved $9.9 billion for high-speed rail in California, and President Obama's promise of $13 billion for high-speed corridors around the country, "we believe there is a political movement for high-speed rail in the United States," Legay said.

French, Spanish, and German train makers and rail operators, competing against one another in Europe and Asia, see the United States as one of the most lucrative potential markets.

Many of the foreign companies already have operations in the United States, assembling commuter rail cars and building signal systems for American public-transit agencies. Those could be the foundations for a new high-speed rail industry in this country.

"Virtually every car builder has a facility in the U.S. where they hire local workers and pay good salaries and pay taxes and all that good stuff," said Tom Simpson, executive director of the Railway Supply Institute, an international trade association.

For high-speed rail, the Federal Railroad Administration has told manufacturers not to expect waivers from "buy American" laws.

"All the manufacturers would love to have us buy their off-the-shelf equipment," said Karen Rae, deputy administrator of the FRA and the agency's point person for high-speed rail. "But if we are going to have a new infrastructure in the United States, we are committed to bringing the manufacturing jobs to the U.S. - and not just assembly jobs."

"We did send a very strong message that we want substantive investments," she said.

Among the train builders with facilities already in the United States:

Alstom Transport has a plant in Hornell, N.Y., where it has manufactured and renovated more than 6,000 passenger rail cars and locomotives since 1983. Clients include Amtrak, New York City's Mass Transportation Authority, NJ Transit, Washington's Metro, and the Chicago Transit Authority.

Talgo Inc., which builds high-speed trains for Spain and other European countries, has a plant in Seattle to maintain five Talgo trains owned by the State of Washington and operated by Amtrak in the Pacific Northwest. In March, Talgo announced it would open a plant in Milwaukee to assemble train cars for service in Wisconsin and Oregon.

Germany's Siemens AG has a light-rail manufacturing plant in Sacramento, Calif., where it announced in February it was expanding in hope of landing contracts for high-speed train systems in California and elsewhere. The plant currently makes light-rail cars for Denver; Portland, Ore.; the Hampton Roads area of Virginia; Salt Lake City; and Charlotte, N.C.

South Korea's Hyundai-Rotem Corp., which builds high-speed trains for that country's KTX (Korean Train Express) system, is now assembling SEPTA railcars at a plant in South Philadelphia. Officials said the plant could be expanded to accommodate high-speed train construction.

Canada's Bombardier Inc. has about 2,800 employees in the United States, building trains, signal systems, and automated airport people-mover systems, and operating and maintaining trains such as the River Line that runs between Camden and Trenton. Bombardier has a manufacturing plant in Plattsburgh, N.Y., and two in Pittsburgh. The company's customers include Amtrak, SEPTA, NJ Transit, the Long Island Railroad and Metro-North, and the Chicago Transit Authority, as well as airports in Newark, New York City, Atlanta, Dallas-Fort Worth, Houston, Miami, Orlando, and Las Vegas.

Central Japan Railway Co., which operates high-speed trains between Tokyo and Osaka, is also in the hunt for contracts in California, Florida, and elsewhere, although it has no operations in the United States now.

And the Chinese government, which is spending $100 billion a year on high-speed rail at home, wants to partner with General Electric Co. to build and finance high-speed rail in California and other states.

The foreign players know that the first high-speed rail line in the United States will be closely watched, and that success could open the way for more lines, more money, and more contracts.

So they all tout their ability to work in the United States.

Siemens announced in February that it was expanding its operations in Sacramento, in hope of landing contracts for new high-speed development in California and elsewhere.

"Siemens is ready to not only bring its proven high-speed train technology to the U.S. market, but also to build the systems right here in the United States," Oliver Hauck, president of Siemens Mobility, said at the time.

Central Japan Railway chairman Yoshiyuki Kasai told a news conference this year: "I expect competition for the contract to be fierce in Florida. We will be the last to join the bidding. But I believe our Japanese system will be the most suitable for the line."

Alstom senior vice president Francois LaCote said: "Alstom already, in a way, is American. We have engineers and plants in America. We know how to work in the States."

With train sales in Germany, Spain, Britain, Korea, Taiwan, and other countries, "we already had to deal with different cultures and different ways of operating," said LaCote, who led the development of the French AGV train.

"We even adapted to British Rail, and that's not so easy," he said with a hint of Parisian disdain.

For foreign train makers, the market for passenger trains has been relatively small in the United States, limited largely to commuter agencies.

But now, with the prospect of support by the U.S. government for high-speed rail development, foreign builders might be able to count on long-term contracts and American workers on long-term jobs.

"You have a tipping point where you can bring a new industry in," said Art Guzzetti, vice president for policy of the American Public Transportation Association in Washington. "The government needs to create a stabilizing force, so there is a consistent number of orders year in and year out."

Foreign train manufacturers know from painful experience what a fickle market the United States can be.

"We have taken two very cold showers already," said Legay. "The Texas TGV and the Florida Express."

The Florida Overland Express, a 1990s plan for high-speed rail from Tampa to Orlando to Miami, was canceled in early 1999 by newly elected Gov. Jeb Bush. The Texas TGV, which was to connect Dallas, Houston, and San Antonio, died of failed financing in 1994, three years into a 50-year lease.

"In France, there was the political will 40 years ago to invest in a new form of transportation," Legay said. "The problem in the U.S. was to get political support and the public funding support. Those seem to be moving now."

Legay predicted that high-speed trains would be built and operating in Florida or California within five to 10 years.

The competition to build those American trains will be fierce, he acknowledged.

And, he said with abundant Gallic confidence: "Of course, we will be the winners."




--------------------------------------------------------------------------------

Contact staff writer Paul Nussbaum at 215-854-4587 or [e-mail].



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[waldron] 07/8/2010 08:19

ALSTOM : Alerte
JDF | 06.08.10 | Mise à jour : 15h31

Alstom : moyen terme fragile en dessous de 43 euros

Le titre Alstom perd du terrain vendredi après un bond de 21% depuis les plus bas de juillet. Le rebond semble touché à sa fin alors que le titre ne parvient pas à dépasser la résistance des 43 euros, déjà testée à deux reprises. Un niveau qui coïncide avec le passage de la moyenne mobile à 150 jours. Dans l'immédiat, le titre risque un retour à 40 euros. En dessous, il prendrait la direction des 39,4 euros, soit une marge de baisse de 4 à 6%.


Support 35.9 33.3 28.5
Résistance 42.3 45.8 48.6

[waldron] 05/8/2010 17:11

Alstom : support à 38.9.

Buzzer ! 0 Imprimer..Sujets :Bourse.Le jeudi 5 août 2010, à 17h 57
Sur les 5 derniers jours, le titre s'est envolé de 5.39%. Depuis le début de l'année, il est en baisse de 14.13%.

Du point de vue de l'analyse technique : le RSI est supérieur à sa zone de neutralité des 50. Le MACD est supérieur à sa ligne de signal et positif. La configuration est haussière à court terme. Enfin, le titre est supérieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en hausse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 45.4 puis 46.9. Tandis que les prochains supports sont sur : 39.9 puis 38.9.

Notre préférence : Le titre Alstom (ALO) est haussier tant que 38.9 est support.

Le point d'invalidation de notre scénario est situé sur : 38.9.
Cours de référence : 42.1.

[grupo guitarlumber] 30/7/2010 15:20

Brazil's Eletrobras Picks Belo Monte Suppliers -Paper
Alstom (EU:ALO)
Intraday Stock Chart
Today : Friday 30 July 2010
Centrais Eletricas Brasileiras (EBR, ELET6.BR), or Eletrobras, Brazil's biggest electric utility, awarded to an Argentine company and a group of three European manufacturers a 5.3 billion Brazilian real ($3 billion) contract to supply parts for the Belo Monte dam, Folha de S. Paulo newspaper reported.

Argentina's Impsa will provide four large turbines for the dam, slated to be the world's third-biggest, Folha said, without saying how it got the information. A group composed of French company Alstom, Austria's Vatech Andritz and German joint venture Voith Siemens will provide the other 14 large turbines as well as six smaller turbines, Folha said.

The selection will be announced officially next week, Folha reported.

The decision to pick those four companies was influenced by the fact that they all have production facilities in Brazil, Folha said. They beat out suppliers from China, Japan and Russia, Folha said, without giving company names.

Impsa told Dow Jones Newswires that it wasn't notified by Brazilian authorities about the decision. Representatives from Eletrobras, Voith, Andritz, and Alstom didn't immediately return calls seeking comment.

-By Paulo Winterstein, Dow Jones Newswires; 55-11-3544-7073; [e-mail]

[grupo guitarlumber] 28/7/2010 21:23

Iraq signs electricity deal with French firm Alstom
(AFP) – 5 hours ago

BAGHDAD - French energy infrastructure firm Alstom on Wednesday signed a memorandum of understanding with Iraq to build a power plant in southern Iraq, which is suffering a severe electricity shortfall.

It is also set to renovate an existing power plant in the holy Shiite city of Najaf that it built 35 years ago, the French ambassador and the company said.

"Patrick Kron, chief executive officer of Alstom, today (Wednesday) signed a memorandum of understanding with the minister of oil and electricity Hussein al-Shahristani ... for the development and modernisation of Iraq?s electricity infrastructure," Alstom said.

The company has agreed to build a 1,200-megawatt power station between Najaf and the southern port city of Basra, and to rehabilitate a 180-megawatt plant in Najaf that it built in 1975.

The agreement also provides for training of Iraqi engineers and technicians.

A source with knowledge of the agreement said the construction of the new plant is likely to cost between 1.5 and two billion dollars (1.15 billion and 1.54 billion euros).

"We hope to build up the electricity sector in Iraq which has been badly damaged in recent years and meet the country's growing electricity needs," Prime Minister Nuri al-Maliki, who attended the signing, said in a statement.

The statement said the company would begin talks with national and local officials in the coming weeks "for the practical implementation of these projects."

Iraq's daily power generation averages 8,000 megawatts, while demand in temperatures that have hit 54 degrees Celsius (130 degrees Fahrenheit) is typically more than 14,000 megawatts, forcing the use of unpopular rationing.

Only those with access to their own generators and fuel have been able to refrigerate foodstuffs or air-condition their homes around the clock.

Oppressive summer heat has triggered protests in several cities across the country, including in Basra.

Maliki has warned that two more years of shortages lie ahead as there is no quick fix to the problem, which worsened dramatically in the wake of the US-led invasion in 2003.

[grupo guitarlumber] 28/7/2010 16:52

Alstom In Iraq Electricity Production Cooperation
Alstom (EU:ALO)
Intraday Stock Chart
Today : Wednesday 28 July 2010
French power and transport engineering maker Alstom SA (ALO.FR) Wednesday said it has signed a memorandum of understanding with the Iraqi Minister of Oil and Electricity, Hussein Sharestani, for the development and modernisation of Iraq's electricity infrastructure.

The agreement covers three projects; the turnkey supply of a power plant at Bassorah in southern Iraq, the rehabilitation of the gas-fired power plant at Najaf, and the supply and supervision of substations in various locations, Alstom said in a statement.

Financial details weren't disclosed.

-By Angeline Benoit, Dow Jones Newswires; [phone]; [e-mail]

[ariane] 22/7/2010 18:05

Alstom Awarded EUR450 Million Power Plant Contract In India
First Published Thursday, 22 July 2010 05:21 pm - © 2010 Dow Jones
PARIS -(Dow Jones)- French power and transport engineering firm Alstom (ALS) Thursday said it has been awarded a EUR450 million contract from the Indian utility GVK Industries to build units for a power plant in India.
The two units, which will be located in the Andhra state, will have a combined power output of 800 megawatts, Alstom said in a press release.
The contract entails the designing, building and, from 2013 onwards, the commissioning of the units.
-By Mimosa Spencer, Dow Jones Newswires; [phone]; [e-mail]

[ariane] 21/7/2010 12:38

Wednesday, July 21, 2010
Alstom To Supply Trams Worth EUR58 Million In Tunisia
| Respond to Editor | Print
By Paris Bureau
Dow Jones Newswires PARIS -(Dow Jones)- French power and transport engineering maker Alstom (ALO.FR) Wednesday said that it has won a contract worth EUR58 million for the completion and maintenance of Citadis trams for Tunisia's capital city.

MAIN FACTS:

- Alstom is to supply 16 tramsets and maintenance services to Citadis trams. They will be identical to the 39 Citadis tramsets that Alstom already delivered between 2007 and 2009.

- The order follows the partnership framework agreement concerning air, sea, land and rail transport, which was signed in Tunis on April 23 2009 between the Ministry of Transport of Tunisia, Abderahim Zouari, and Dominique Bussereau, France's secretary of state for transport.

- By Paris Bureau, Dow Jones Newswires; [phone]; [e-mail]

[ariane] 21/7/2010 09:34

Alstom : Nomura abaisse ses prévisions

Buzzer ! 0 Imprimer..Sociétés :Alstom SASujets :RecommandationsBourseParis.Cours
Symbole Dern. Cours Variation
ALO.PA 36,50 +0,10


{"s" : "ALO.PA","k" : "c10,l10,p20,t10","o" : "","j" : ""} Le mercredi 21 juillet 2010, à 10h 13
Les analystes de Nomura gardent leur recommandation neutre avec un objectif de cours à 12 mois de 50 Euros sur Alstom

[ariane] 21/7/2010 09:00

Alstom : Morgan Stanley ajuste son objectif

Buzzer ! 0 Imprimer..Sociétés :Alstom SAMorgan StanleySujets :ParisBourse.Cours
Symbole Dern. Cours Variation
ALO.PA 36,90 +0,50

MS 25,22 0,00


{"s" : "ALO.PA,MS","k" : "c10,l10,p20,t10","o" : "","j" : ""} Le mercredi 21 juillet 2010, à 9h 42
Morgan Stanley (NYSE: MS - actualité) a ajusté en baisse de 41 à 39 Euros son objectif sur Alstom

[waldron] 20/7/2010 17:21

Analyse-Flash: WestLB belässt Alstom auf „Add"
DÜSseldorf (dpa-AFX Broker) - Die WestLB hat Alstom nach Umsatz- und Auftragszahlen zum ersten Geschäftsquartal auf "Add" mit einem Kursziel von 46,30 Euro belassen

[waldron] 20/7/2010 17:15

Agence Option Finance

20/07/2010 13:35

ALSTOM : Oddo reste à l'Achat

Selon une source de marché, Oddo Securities a confirmé son opinion Achat et son objectif de cours de 65 euros sur Alstom

[waldron] 20/7/2010 07:45

Agence Option Finance

19/07/2010 12:08

ALSTOM : CA Cheuvreux à Sous- performance avant les résultats

Selon une source de marché, CA Cheuvreux a maintenu son opinion Sous-performance et son objectif de cours de 41 euros sur Alstom

[waldron] 20/7/2010 07:25

Alstom CEO Sees Role In Big Russian Transit Projects -Vedomosti
Alstom (EU:ALO)
Intraday Stock Chart
Today : Tuesday 20 July 2010

French power and transportation engineer Alstom SA (ALO.FR) plans to build on recent deals and help upgrade Russia's infrastructure, Chief Executive Patrick Kron tells business daily Vedomosti in an interview published Tuesday.

He acknowledges there are no orders for such work as yet, but Kron sees Alstom drawing on the added capacity a key joint venture presents so that his company can branch out into production of subway cars, electric trams and even passenger automobiles.

In late June the company reached a EUR450 million deal to supply Russia's biggest maker of railroad equipment, Transmashholding, or TMH, 200 locomotives. The agreement helps TMH honor its own supply contract -- worth EUR1 billion -- with state-owned Russian Railways and gives Alstom a 25% stake in the holding company of TMH.

"The first locomotive will be out by the end of the year," Kron says, explaining that the 7,200-kilowatt machine will be able to reach speeds of up to 200 kilometers per hour and run at temperatures from 50 degrees below zero.

Kron was asked about Russian Railways senior vice president Valentin Gapanovich's recent comment that the state enterprise will in 2011 conduct an international tender to build a RUB1 trillion ($32 billion) high-speed rail link between Moscow and St. Petersburg.

Alstom, which is leading the development of the AGV -- a successor, with an electric motor under each carriage, to France's famous high-speed TGV trains -- would seem a strong candidate for the work. Russian Railways early this year even hinted that it might buy up to 20 trains from the French company. However, Alstom rival Siemens AG (SI, SIE.XE) of Germany is carrying out a long-term contract to operate a scaled-down high-speed train, the Sapsan (Peregrine Falcon) involving Russia's two biggest cities.

"I cannot comment on future projects, but we believe that we have long experience in manufacturing high-speed trains," Kron tells Vedomosti. "Certainly, we want to provide more than just a supply of rolling stock, which is why we're working on a more global, ambitious project in Russia with TMH."

The CEO was asked about progress toward delivering electric trams, or streetcars, in Russia as well as the possibility of Alstom's building cars for subway systems in Russian cities.

"Of course, we did sell trams and metro cars here," he says. "It's our intention to work with TMH to handle most [customer] inquiries. Our joint venture for supplying rolling stock will be in three parts in Russia -- development of locomotives in Novocherkassk, metro (subway) and regional trains in Moscow (at a plant run by designer-producer Metrowagonmash) and development of passenger cars in Tver."

Newspaper website: www.vedomosti.ru

-Dow Jones Newswires; 212-416-2900

[ariane] 13/7/2010 11:38

Alstom: Morgan Stanley abaisse l'objectif de cours.

Buzzer ! 0 Imprimer..Sociétés :Alstom SAMorgan StanleySujets :RecommandationsBourseParis.Cours
Symbole Dern. Cours Variation
ALO.PA 39,31 +0,45

MS 24,56 0,00


{"s" : "ALO.PA,MS","k" : "c10,l10,p20,t10","o" : "","j" : ""} Le mardi 13 juillet 2010, à 12h 27
(CercleFinance.com) - Morgan Stanley (NYSE: MS - actualité) conseille de 'pondérer en ligne' concernant Alstom (Paris: FR0010220475 - actualité) et révise à la baisse l'objectif de cours, passant de 57 à 41 euros, en raison d'un excès de l'offre sur le marché de la production d'énergie à court-terme.

Les analystes indiquent ainsi que le fabricant d'infrastructures destinées aux secteurs de l'énergie et du transport pourrait rencontrer des difficultés pour remporter de nouveaux contrats.

Le bureau d'études souligne qu'il anticipe des commandes pour un montant de l'ordre de 3,7 milliards d'euros pour le premier trimestre 2011, dont les résultats sont attendus le 20 juillet, ainsi qu'un chiffre d'affaires de 4,8 milliards d'euros.

[waldron] 09/7/2010 11:07

Alstom: su precio objetivo se reduce a 52 euros
Isabel Blanco9/07/2010 - 10:460 comentariosPuntúa la noticia :
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Alstom SA
P. Objetivo: 52 €
Fecha: 09/07/2010
El consenso de analistas ha rebajado más de un 3,5% la valoración del fabricante de infraestructuras, de 54 a 52 euros. Pero esto no impide que la compañía continúe siendo uno de los cinco valores con más potencial alcista del Eurostoxx 50.


Este nuevo precio objetivo supondría un recorrido al alza de más del 30%. Aunque hay que tener en cuenta que el grupo francés ha sido una de las compañías más bajistas del Cac 40 desde que comenzó el año. Alstom se deja más de un 20% en el parqué, mientras que las pérdidas que acumula el índice galo son inferiores al 10%.

En los últimos dos meses y medio, más de un 40% de los expertos que sigue la evolución de la empresa ha revisado el valor a la baja. JP Morgan ha sido uno de los últimos bancos en recalcular este precio teórico. El banco de inversión redujo su valoración de 50 euros a 47 euros.

En estos primeros días de julio, otras firmas han realizado revisiones bajistas. Deutsche Bank recortó el precio objetivo de los títulos de la francesa un 10%, hasta 45 euros y la rebaja por parte de la firma UBS dejó este precio en los 40 euros.

Estas tres entidades reiteraron su recomendación de mantener, lo que colaboró a que el consenso de mercado siga considerando que es momento de mantener en cartera los títulos de Alstom.