AH: anticipates positive auto parts sales momentum continue driven by growing Asian mkt compared with other regions, upside from larger Euro 6 std parts in portfolio aft joined hands with Eberspaecher, expects to serve new customers in the EV segment next year.
Comment: Zero impact on their business…marginal growth at best from EV’s….
TASCO: seeks to open talk with PDVSA for low cost feedstock for asphalt production aft US suspends sanction on Venezuela oil.
Comment: All fine and dandy, but what TASCO needs is a sudden drop in oil prices and then their margins will spike. Doubt it? Look at the historical share price versus oil prices.
TU: sees ltd downside risk to earnings in 2H aft hurt by high tuna cost, drag from loss from Red Lobster and sluggish sales vol caused by excess inventory jitters on key clients, expects meaningful turnaround from 4Q as sales vol pick up on all products, ease margin pressure as raw mat costs drop.
Comment: For how many more years do we have to read about this company planning to do something well?