BASF's New China Plant Puts Strain on Balance Sheet -- Market Talk

Dow Jones

09/18

1512 GMT - BASF's 10-billion-euro investment in a new China plant has put considerable strain on its balance sheet, compromising the German chemical giant's dividend, BofA Securities analyst Matthew Yates says in a note. "We question the contribution BASF's new China plant will make to profits as it ramps up amidst depressed market conditions," he says. According to Yates, the plant also risks cannibalizing the European footprint due to shifting trade flows. This could lead to the need for more restructuring, "which BASF appears reluctant to contemplate, or can ill afford to do." BofA downgrades BASF to underperform from neutral. Shares trade 1.2% lower at 42.97 euros. (sarah.sloat@wsj.com)

(END) Dow Jones Newswires

September 18, 2025 11:12 ET (15:12 GMT)

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According to Yates, the plant also risks cannibalizing the European footprint due to shifting trade flows. This could lead to the need for more restructuring, \"which BASF appears reluctant to contemplate, or can ill afford to do.\" BofA downgrades BASF to underperform from neutral. Shares trade 1.2% lower at 42.97 euros. 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According to Yates, the plant also risks cannibalizing the European footprint due to shifting trade flows. This could lead to the need for more restructuring, \"which BASF appears reluctant to contemplate, or can ill afford to do.\" BofA downgrades BASF to underperform from neutral. Shares trade 1.2% lower at 42.97 euros. 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According to Yates, the plant also risks cannibalizing the European footprint due to shifting trade flows. This could lead to the need for more restructuring, \"which BASF appears reluctant to contemplate, or can ill afford to do.\" BofA downgrades BASF to underperform from neutral. Shares trade 1.2% lower at 42.97 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BASFY":"BASF SE","BK4098":"多种化学制品"},"translate_title":"巴斯夫中国新工厂给资产负债表带来压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BASFY":0.9},"content_text":"1512 GMT - BASF's 10-billion-euro investment in a new China plant has put considerable strain on its balance sheet, compromising the German chemical giant's dividend, BofA Securities analyst Matthew Yates says in a note. \"We question the contribution BASF's new China plant will make to profits as it ramps up amidst depressed market conditions,\" he says. According to Yates, the plant also risks cannibalizing the European footprint due to shifting trade flows. This could lead to the need for more restructuring, \"which BASF appears reluctant to contemplate, or can ill afford to do.\" BofA downgrades BASF to underperform from neutral. Shares trade 1.2% lower at 42.97 euros. (sarah.sloat@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 18, 2025 11:12 ET (15:12 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}