[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio25215f9b":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio25215f9b","Stellantis(STLA)股债齐创历史新低，周三财报成CEO信任保卫战","\u002Fdoc\u002Fdcio25215f9b","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>美股投资网获悉，Stellantis(STLA)本周将迎来安抚持续下挫股债的契机。这家Jeep和标致汽车制造商即将发布财报，而市场对其扭亏计划疑虑重重。该公司股价今年以来已下跌逾60%，创历史新低;Stellantis债券也跌至历史低位。CEO须在周三公布业绩时释放强有力的安抚信号，以稳住市场信心。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>投资者对首席执行官安东尼奥·菲洛萨(Antonio Filosa)重振这家陷入困境集团战略的信心，已被持续的中国竞争、欧洲疲软定价和高企的原材料成本侵蚀，留给投资者的是更多疑问而非答案。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>持有该公司股票的Acomea Sgr投资组合经理Fabio Caldato表示，“市场现在坚定地将Stellantis视为一个‘眼见为实’的故事，”“能见度有限，加上整个行业面临的挑战，使人们很难相信公司给出的指引以及5月公布的2030计划。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>就业绩本身而言，分析师远不乐观。市场汇编的12位分析师平均预估显示，第三季度净营收预计从上年同期的372亿欧元降至364亿欧元(410亿美元)。但更令许多人担忧的是，负自由现金流预计达34亿欧元。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>汇丰控股分析师Michael Tyndall在10月23日的报告中写道“鉴于产量疲弱，现金消耗规模是一个未知风险。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Tyndall表示，他担心“美国潜在的去库存需求，以及恢复实质性竞争力所需的现金流出”。他给予该股“减持”评级，3.30欧元的目标价为市场追踪的所有分析师中最低，意味着较当前水平还有约10%的下行空间。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>其他分析师同样持怀疑态度。巴克莱分析师Henning Cosman认为，Stellantis是欧洲汽车行业执行难度最大的故事。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Cosman在本月报告中写道，他预计“最早”要到第四季度才能看到投资逻辑可持续改善的证据，并认为公司中期计划中的一些基本假设“相对难以自洽”。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>这种怀疑并未被卖空者忽视。标普全球市场情报数据显示，截至周四，Stellantis借出股票——衡量空头兴趣的指标——约占其自由流通股的19%，为十多年来最高水平。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>并非所有人都如此看空。德意志银行的Christoph Laskawi表示，他预计本季度表现疲软，但不认为Stellantis会改变全年展望，且整体指引仍有望实现。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>对一些信用投资者而言，这轮抛售已经过头。该公司的混合债券——一种成本更高、在公司借款结构中排名较低、被信用评级机构视为50%权益的债务形式——目前至首个赎回日的收益率超过11%，而今年早些时候发行时为6.875%。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>“虽然恢复正自由现金流无疑具有挑战性，但我们认为Stellantis的资产负债表不应定价一场全面金融危机，而当前债券价格正暗示这一点，”Acomea的Caldato表示。他近期买入了部分永续债。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>尽管如此，即便最乐观的人也承认需要谨慎。“要让股价回升，投资者需要看到证据，证明重返正自由现金流的路径真实且可触达，”Caldato表示。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]