-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。2027年のPERを28.5倍と想定し、RACEの過去10年間の平均予想PER40.6倍を妥当なディスカウントとして、12ヶ月目標株価を40ドル引き下げ、350ドルとします。2026年の調整後EPS予想は9.70ユーロ、2027年は10.50ユーロで据え置きます。フェラーリの第1四半期決算が期待外れだったことを受け、目標株価を引き下げ、投資判断は「ホールド」を維持します。同社の第1四半期の業績不振は、予想を下回る利益率によるもので、通期業績見通しは維持しています。業界屈指の収益実績を誇る同社にとって、今回の業績不振は異例のことです。当社の見解では、RACEの車両販売台数の伸び悩み（第1四半期は-4.4%）は、自動車製造における高い固定費を考慮すると、引き続き利益率にとって課題となっています。さらに、2030年までに計画されている電気自動車およびハイブリッド車への事業転換についても、長期的な見通しに疑問を抱いており、現在の株価水準ではリスクとリターンのバランスが取れていると考えています。
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Commodities
Market Chatter: Japan Advances Energy Loan Talks With South Africa, Promotes Ammonia Co-Firing
Japan is accelerating talks on a yen-denominated energy loan for South Africa while promoting ammonia co-firing technology, Bloomberg said Tuesday, citing Japanese diplomatic officials.Japan will use the proposed loan to support South Africa's energy transition, though it did not disclose the amount, the report said, citing officials.Japan's initiative adds to about $10 billion in climate financing already pledged to South Africa by European countries under an existing energy transition agreement.Germany and Japan are expanding efforts to position their companies in South Africa, targeting opportunities in a market with strong solar and significant green hydrogen production potential.Leaders first discussed the loan during a meeting between President Cyril Ramaphosa and former Japanese Prime Minister Shigeru Ishiba in Yokohama in August, the report added.Japan is promoting ammonia co-firing, which replaces part of coal use at power plants with ammonia to reduce emissions while maintaining existing infrastructure.South Africa can produce green hydrogen using its solar and wind resources, then convert it into ammonia for easier storage and transport, supporting cleaner energy pathways.However, critics say ammonia co-firing could extend the life of coal plants, as South Africa still generates about three-quarters of its electricity from coal, the report noted.has reached out to South Africa's Department of Electricity and Energy for any comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Australia
Brunswick Keeps Quarterly Dividend at $0.44 per Share, Payable June 15 to Holders of Record May 18
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$BC