SBB WKN: A2E40N ISIN: SE0009554454 Kürzel: 0AAS Forum: Aktien User: Wolf_of_Sweden

IMF November 2023 Regional Economic Outlook: Europe, Seite 27 - Box 5: How Vulnerable Is Europe to Stress in the Commercial Real Estate Sector? Europe’s commercial real estate sector (CRE) is closely interconnected with the financial sector and has been hit by cyclical and structural shocks. On average, CRE loans account for about 9 percent of bank loan portfolios in Europe. Stress in the CRE sector can affect the financial system and economic activity significantly. Common exposures of banks and nonbank financial institutions to CRE *** risks to financial stability. As losses in CRE push banks’ profits down and erode capital, they will need to raise equity or reduce lending, reducing aggregate demand further and inducing a feedback loop, and thus affect economic activity. European CRE sectors are often economically large and labor intensive. Total value added of CRE firms ranges from 4–8 percent in Ireland to up to 20 percent of GDP in the Nordic countries. https://www.imf.org/-/media/Files/Publications/REO/EUR/2023/November/English/text.ashx

Ist ein Kopf an Kopf Rennen zwischen JM und SBB. Wer wird zuerst daran glauben?

EZB: Banken sollen Mängel im Umgang mit Kreditrisiken beseitigen. Besonders sollen Immobilien-Engagements angeschaut werden. https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/europaeische-zentralbank-banken-sollen-maengel-im-umgang-mit-kreditrisiken-beseitigen/29487326.html

Nordic banks’ RWAs rise $9bn on Swedish risk-weight floor rejig Constraints on real-estate exposure modelling result in Pillar 2 charges moving to Pillar 1 requirements https://www.risk.net/risk-quantum/7958117/nordic-banks-rwas-rise-9bn-on-swedish-risk-weight-floor-rejig

SBB announces new date for the third quarter interim report: SBB has today decided on a new publication date for the interim report for the third quarter of 2023, due to a revised timetable for the completion of the new structure for quarterly reporting. https://news.cision.com/samhallsbyggnadsbolaget-i-norden-ab/r/sbb-announces-new-date-for-the-third-quarter-interim-report,c3870486

Europäische Immobilienaktien: Krise läuft weiter – „Vorreiter“ SBB Die Krise bei europäischen Immobilienaktien läuft weiter. Die schwedische SBB ist im Fokus. https://finanzmarktwelt.de/europaeische-immobilienaktien-die-krise-laeuft-weiter-vorreiter-sbb-272409/

Swedish Economy Stagnates as Interest-Rate Hikes Weigh on Output. While the preliminary GDP estimate is scant on detail, it will provide an important data point for the Riksbank as it decides whether to take the benchmark rate one step higher at a meeting on Nov. 22. Many economists believe that policymakers will feel compelled to respond to inflation, as well as to the weakness of the krona, by hiking to 4.25%. https://globalinsolvency.com/headlines/swedish-economy-stagnates-interest-rate-hikes-weigh-output

Sweden's Real Estate Woes Force JM to Cut Home Prices: one of the biggest names in the sector was forced to cut prices to offload homes in the third quarter. https://www.bnnbloomberg.ca/sweden-s-real-estate-woes-force-jm-to-cut-home-prices-1.1989163

Schweden hat eine echtes Problem: The Riksbank needs to restore its capital: Today, Governor Erik Thedéen visited the Riksdag Committee on Finance to present an analysis of the Riksbank's financial position, earnings capacity and long-term capital requirements. “The preliminary results of the analysis indicate that the Riksbank needs to have its equity restored to at least the basic level stated in the Sveriges Riksbank Act of SEK 40 billion. As per the end of September 2023, a restoration to the basic level would entail a capital injection of almost SEK 80 billion. The Riksbank also needs prospects for additional earnings,” said Mr Thedéen. https://www.riksbank.se/en-gb/press-and-published/speeches-and-presentations/2023/thedeen-the-riksbank-needs-to-restore-its-capital/

New record low for crisis-hit SBB. SBB was supposed to submit its report for the third quarter today, October 26. https://sweden.postsen.com/news/160603/New-record-low-for-crisis-hit-SBB.html

Nordische Immobilienunternehmen müssen auch in Q3 mit Wertberichtigungen rechnen: Analysten zufolge werden die nordischen Immobilienunternehmen in der bevorstehenden Bilanzsaison wahrscheinlich weitere Abschreibungen auf ihre Immobilien vornehmen, da die schnell steigenden Zinsen ihren Tribut in dem hoch verschuldeten Sektor fordern. https://ch.marketscreener.com/kurs/aktie/FABEGE-AB-PUBL-43180160/news/Nordische-Immobilienunternehmen-mussen-auch-in-Q3-mit-Wertberichtigungen-rechnen-45076338/

Property write-downs still loom over Nordic real estate in Q3: Nordic property companies are likely to further write down the value of their real estate in the upcoming results season https://www.reuters.com/business/property-write-downs-still-loom-over-nordic-real-estate-q3-2023-10-17/

Die am häufigsten leerverkauften Aktien in Schweden https://www.fi.se/sv/vara-register/blankningsregistret/

Embattled Swedish Landlord SBB Falls After Goldman Slashes Price Target https://www.bloomberg.com/news/articles/2023-10-11/embattled-landlord-sbb-falls-after-new-street-low-at-goldman

Nordea geht davon aus, dass es für die unter Kursdruck stehende Aktie noch weiteres Abwärtspotenzial gibt. Das Analysehaus geht davon aus, dass die tatsächlichen Erträge der SBB weit unter der kommunizierten Ertragskraft des Unternehmens liegen, und weist auf möglicherweise verwässernde Veräußerungen hin, da Nordea der Ansicht ist, dass die Immobilienbewertungen der SBB zu hoch sind. Darüber hinaus sieht Nordea einen unsicheren Zugang zu Finanzmitteln, da die verfügbare Liquidität um mehrere Quartale zurückgeht, und sieht weiterhin das Risiko einer Verwässerungsemission. https://www.privataaffarer.se/placeringar/aktierekar/sankta-riktkurser-for-sbb-infor-rapporten/

Capital is now fleeing the real estate sector https://sweden.postsen.com/news/153260/Capital-is-now-fleeing-the-real-estate-sector.html