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Ashland's (ASH) Coating Lab in Singapore to Support Local Needs
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Ashland Global Holdings Inc. (ASH - Free Report) has opened a newly constructed architectural coating technical service laboratory in Singapore. This will widen the company’s reach in catering to local needs in South East Asia.
Being a top player in rheology modifiers, specifically in the additive segment, the new facility will positively impact its customer support by pacing up the response to regional needs. This investment is a testimony to Ashland’s dedicated efforts toward solving customer problems by driving innovation in specialty additives and solidifying its existing customer relationship in the region. The new lab, along with its Technical Center of Excellence in Shanghai, China, is an important futuristic investment.
Shares of Ashland have grown 40.3% in a year against the industry’s decline of 6.7%. The estimated earnings growth rate for the current fiscal year is pegged at 73.9%.
In the fiscal second quarter, the company recorded earnings of $1.05 cents per share, missing the Zacks Consensus Estimate of $1.36 per share. Sales were down around 2% year over year to $598 million, missing the Zacks Consensus Estimate of $632.6 million.
The company’s results were hurt by weather-related disruptions in the U.S. Gulf Coast and changing consumer habits amid the coronavirus pandemic. Ashland expects to recover part of the lost cost as the affected facilities work to make up for some of the lost production during the fiscal second quarter. However, it has benefited from improved industrial demand and cost-reduction actions.
Celanese has a projected earnings growth rate of 68.3% for the current year. The company’s shares have jumped 92% in a year.
DAQO has a projected earnings growth rate of 255.2% for the current year. The company’s shares have soared to 645.6% in a year.
Element Solutions has a projected earnings growth rate of 41.7% for the current year. The company’s shares have surged 110% in a year.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Ashland's (ASH) Coating Lab in Singapore to Support Local Needs
Ashland Global Holdings Inc. (ASH - Free Report) has opened a newly constructed architectural coating technical service laboratory in Singapore. This will widen the company’s reach in catering to local needs in South East Asia.
Being a top player in rheology modifiers, specifically in the additive segment, the new facility will positively impact its customer support by pacing up the response to regional needs. This investment is a testimony to Ashland’s dedicated efforts toward solving customer problems by driving innovation in specialty additives and solidifying its existing customer relationship in the region. The new lab, along with its Technical Center of Excellence in Shanghai, China, is an important futuristic investment.
Shares of Ashland have grown 40.3% in a year against the industry’s decline of 6.7%. The estimated earnings growth rate for the current fiscal year is pegged at 73.9%.
In the fiscal second quarter, the company recorded earnings of $1.05 cents per share, missing the Zacks Consensus Estimate of $1.36 per share. Sales were down around 2% year over year to $598 million, missing the Zacks Consensus Estimate of $632.6 million.
The company’s results were hurt by weather-related disruptions in the U.S. Gulf Coast and changing consumer habits amid the coronavirus pandemic. Ashland expects to recover part of the lost cost as the affected facilities work to make up for some of the lost production during the fiscal second quarter. However, it has benefited from improved industrial demand and cost-reduction actions.
Ashland Global Holdings Inc. Price and Consensus
Ashland Global Holdings Inc. price-consensus-chart | Ashland Global Holdings Inc. Quote
Zacks Rank & Stocks to Consider
Currently, Ashland carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Celanese Corporation (CE - Free Report) and DAQO New Energy Corp. (DQ - Free Report) , each sporting a Zacks Rank #1 (Strong Buy), and Element Solutions Inc. (ESI - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Celanese has a projected earnings growth rate of 68.3% for the current year. The company’s shares have jumped 92% in a year.
DAQO has a projected earnings growth rate of 255.2% for the current year. The company’s shares have soared to 645.6% in a year.
Element Solutions has a projected earnings growth rate of 41.7% for the current year. The company’s shares have surged 110% in a year.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>