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ABB Ltd ADR ABB

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Morningstar’s Analysis

Valuation
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1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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Chinese Property Market Slowdown Is a Growing Risk for Elevator OEMs

Analyst Note

| Denise Molina, CFA |

Should the Chinese property market spiral into lower property prices and sales and a broader developer liquidity crunch as a result of Evergrande's potential collapse, we believe the near-term credit loss risk for European capital goods suppliers will be moderate and manageable. From a valuation standpoint, the greater risk is a step down in medium-term Chinese property market growth prospects if banks tighten lending to property developers. For now, however, we are making no changes to our ratings or valuations.

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Company Profile

Business Description

ABB is a global supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies--ASEA and BBC--and is now called Asea Brown Boveri Group, or ABB. The company is the number-one or number-two supplier in all of its core markets and the number-two robotic arm supplier globally. In automation, it offers a full suite of products for both discrete and process automation as well as industrial robotics.

Contact
Affolternstrasse 44
Zurich, 8050, Switzerland
T +41 433177111
Sector Industrials
Industry Electrical Equipment & Parts
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 106,370

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