Tuesday, February 13, 2007

Commerzbank, DaimlerChrysler, Douglas: German Equity Preview

The following stocks may rise or fall in German markets.

Germany's X-DAX Index added 0.1 percent to 6910.51. The index provides an estimate of the DAX Index, based on trading in DAX futures after the Xetra electronic market closes. The DAX climbed 0.5 percent to 6895.34 on the Xetra electronic-trading system.

Stock symbols are in parentheses after the company names and prices are from the Xetra close unless otherwise stated.

AWD Holding AG (AWD GY): The financial-services broker plans to release fourth-quarter results. The company may say profit increased 63 percent as it sold more pension products, according to analysts surveyed by Bloomberg News. The shares fell 28 cents, or 0.8 percent, to 35.44 euros.

Carl Zeiss Meditec AG (AFX GY): The maker of medical lasers to correct vision defects is scheduled to publish first-quarter results. The company in December said its fiscal full-year profit surged 64 percent as more customers ordered diagnostic equipment for eye-related diseases. The shares declined 20 cents, or 1.2 percent, to 17.05 euros.

Commerzbank AG (CBK GY): Germany's second-largest bank by assets intends to release fourth-quarter results. The company may report an increase in profit on higher income from commissions and trading, according to analysts surveyed by Bloomberg News.

Separately, Commerzbank's Eurohypo AG mortgage bank unit said it met its full-year earnings target after an ``excellent'' fourth quarter. Commerzbank shares climbed 19 cents, or 0.6 percent, to 31.85 euros.

DaimlerChrysler AG (DCX GY): The world's fifth-biggest carmaker plans to release fourth-quarter earnings. The company will probably say profit fell 25 percent and announce job cuts and factory closings after its Chrysler unit lost market share to Toyota Motor Corp. and Honda Motor Co., according to analysts surveyed by Bloomberg News. The shares added 6 cents, or 0.1 percent, to 49.24 euros.

Douglas AG (DOU GY): Europe's largest retailer of cosmetics and perfume intends to release first-quarter earnings. The company may report an increase in profit as German consumers spent more in anticipation of a rise in sales tax at the start of this year, according to analysts surveyed by Bloomberg News. The shares increased 46 cents, or 1.1 percent, to 43.60 euros.

Epcos AG (EPC GY): The maker of electronic components plans to hold its annual shareholders' meeting. Epcos earlier this month said profit will drop this quarter on lower demand for parts used in mobile phones and other devices. The shares climbed 1 cent or 12.59 euros.

Gildemeister AG (GIL GY): The machine-tool maker founded in 1870 is scheduled to report preliminary 2006 results. The company may say profit rose 20 percent, a survey of analysts showed. The shares increased 15 cents, or 1.4 percent, to 11 euros.

IKB Deutsche Industriebank AG (IKB GY): The lender that focuses on small and medium-sized companies plans to report fiscal third-quarter figures. The company may say quarterly profit increased as it lent more money to customers, according to analysts surveyed by Bloomberg News. The shares rose 36 cents, or 1.1 percent, to 31.98 euros.

Pfleiderer AG (PFD4 GY): The supplier of wood-paneling plans to buy back as many as 460,000 of its own shares from March 1 to April 30. The shares slipped 1 cent to 24.74 euros.

Rhoen-Klinikum AG (RHK GY): Germany's biggest publicly traded operator of hospitals plans to post fourth-quarter results. The company will probably say that earnings rose 33 percent as last year's acquisitions added patients, according to analysts surveyed by Bloomberg News. The shares advanced 27 cents, or 0.7 percent, to 42 euros.

Volkswagen AG (VOW GY): Chairman Ferdinand Piech will remain in his post, after the German state of Lower Saxony dropped its opposition to letting him seek another term, the German newswire dpa-AFX reported, citing unidentified government sources. The shares rose 97 cents, or 1.1 percent, to 86.10 euros.

source:www.bloomberg.com

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