ANDRÉS DAMIÁN CAROLINA SARAIVA - Lisbon Investment Society
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ANDRÉS DAMIÁN CAROLINA SARAIVA JOSÉ PATRÍCIO BSc in Economics BSc in Economics BSc in MAEG
Chip shortage crisis in the automotive BP and Royal Dutch Shell Beat Earnings
sector deteriorates Estimates
Chip shortage worsens for carmakers around the world, The two oil giants companies presented better than
with companies on three continents announcing expected first quarter earnings results. Royal Dutch Shell
production cuts. BMW AG succumbs to shortages after generated more than $8 Billion in cash, being the sector
months of managing to maintain production, saying it leader in cash generation during the last 4 years and was
will halt production of Mini cars at its factory in Oxford, able to reduce net debt in more than $4 Billion to $71.3
England. It is joined by Honda Motor Co., which will halt Billion, on route to reduce its debt to around $65 Billion, in
production at three plants in Japan for about five- or six- order to increase shareholder distributions. BP generated
days next month, and Ford Motor Co., which cut its full- $6.1 Billion in operating cash flow and reached its net
year profit forecast because of the debilitating chip debt target a year early. Share's buybacks are supposed to
shortage. start in the second quarter with a $500 Million program.
EBay warns pandemic sales boom could SYNLAB goes public
soon disappear SYNLAB, the biggest clinical laboratory and medical
EBay Inc. warned investors that its sales momentum tied diagnosis services company in Europe, had their initial
to the pandemic and government stimulus checks may be public offering on the 30th. The IPO went public through
coming to an end. The online marketplace issued a Frankfurt Stock Exchange, with the ticker symbol
revenue forecast for the current quarter that suggests “SYAB”, having Goldman Sachs and J.P.Morgan as joint
spending on the site may slow as more people are Global Coordinators and Bookrunners. The company set
vaccinated, businesses reopen, and stimulus checks run the share price in the €18-23 range, with a consequent
out. The company ended the quarter with 187 million market cap of at least €3,9 billion. Synlab has also stated
active shoppers, up 7% from a year earlier. that €400 million raised from the IPO will be used to pay
down debt.
Corporate giants to support India
during Covid crisis Kansas City Southern bidding war
Reliance Industries Ltd., controlled by Asia's richest man Kansas City Southern is in the midst of a bidding war
Mukesh Ambani, global pharmaceutical companies such between Canadian National and Canadian Pacific. The
as Gilead Sciences Inc. and technology firms such as railroad giant, with railways in the USA, Mexico and
Alphabet Inc. are rushing to contribute supplies and Panama, was prepared to accept Canadian Pacific’s $28
funds. Blackstone Group Inc. chairman Stephen billion offer, but is now reviewing a larger offer made by
Schwarzman said his private equity firm is committing $5 Canadian National. Canadian National’s offer was larger,
million to support Covid's relief and vaccination services being set at $33 billion. In the likely case that the Kansas
in India for "marginalized communities". State-owned company accepts either of these offers, we will see the
refineries Indian Oil Corp. and Bharat Petroleum Corp. first railway crossing Canada, the United States and
also contributed oxygen production. Mexico.
Olam will buy a US spice company ahead
of the IPO of its food ingredients unit
Commodities trader Olam International Ltd said on 22
April that its soon-to-be-listed food ingredients business
will buy US spice company Olde Thompson for $950
million. The company plans to separate and list Olam Food
Ingredients (OFI), which includes cocoa, coffee and edible
nuts, in the first half of next year. Olam International,
majority owned by Singaporean state investor Temasek, is
one of the largest traders of agricultural products and
operates in 60 countries.
General Motors Expands Mexico
presence
Starting in 2023, General Motors will extend their
production of electric vehicles to Mexico, with an
investment of $1 Billion. The new venture, which will
start in the second half of 2021, includes a new paint plant,
production of batteries and other electronic components.
The possibility of another expansion to the region is left
open, depending on economic conditions going forward.
SOURCES
https://finance.yahoo.com/news/auto-chip-shortage-crisis-worsens-001111365.html
https://finance.yahoo.com/news/ebay-earnings-outlook-misses-estimates-202435781.html
https://finance.yahoo.com/news/corporate-giants-join-global-race-021919302.html
https://finance.yahoo.com/news/singapores-olam-buy-u-spice-002335802.html
https://finance.yahoo.com/news/1-general-motors-electric-cars-200326967.html
https://www.bp.com/en/global/corporate/news-and-insights/reimagining-energy/1q-2021-results-highlights.html
https://www.shell.com/investors/results-and-reporting/quarterly-results/2021/q1-
2021/_jcr_content/par/toptasks_1119141760_.stream/1619620880928/5ff86206e9aae95ba2c98aada1d6ce2953391568/q1-2021-
quarterly-press-release.pdf
EDITION CONTACT US
lis@iseg.ulisboa.pt
linkedin.com/company/lis--lisbon-
investment-society/
@iseg.lis
EVA MARTINS
BSc in Management
LIS - Lisbon Investment Society
Iseglis.com
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