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LIN

Linde plc | LIN Linde, Timeless Excellence Linde is a timeless business with even better stability than other basic materials businesses. The company works in gases and has a near-unbroken EPS growth record of 8% annually Linde is a market leader, and if you invest in the company, you're investing in the world's largest company for industrial gases. The company was originally a result of a takeover of British BOC in 2006, and again the 2018 merger of Linde and Praxair, a US company. On the macro upside, there was a 1) supportive regulatory framework in the USA and in the EU on green opportunities and hydrogen, 2) the Ukraine invasion was also a key catalyst towards the energy transition, 3) the EU chip acts with €43 billion in supporting funds as well as the United States Chips and Science Act development for a value of approximately $52 billion, and 4) higher needs of specialty gas in EV car. Related to the micro upside, the company is more diversified on a GEO revenue basis and sells different product solutions starting from cylinders to bulk liquid. In addition with a follow-up note titled "Positive News Ahead", we reported Linde's lower cost structure with the Frankfort delisting. Aside from removing the dual listing expenses, we positively view this development because US companies' P/E multiple are usually higher compared to the EU one. To support our MACRO buy case recap, in the second quarter, Linde announced two new projects with Evonik and Heidelberg Materials (both companies covered by our internal team). The company signed a long-term agreement to produce green hydrogen for Evonik in a 9-megawatt alkaline electrolyzer plant in Singapore. With Heidelberg, Linde will build a large-scale carbon capture close to the Lengfurt plant in Germany. As a reminder, cement production is estimated to be responsible for around 7% of global in 2022, APD's earnings per share were at $8.38, and Linde's earnings per share were fairly similar at $8.23. For 2023, Air Products and Chemical EPS guide a midpoint at $11.40 while Linde's EPS is forecasted at $13.65. Looking at the ROCE, in Q4 2022, APD stood at 11.7% and Linde at 13.4%. In the last quarter, APD’s ROCE was flat on the two-year comparison, while Linde’s after-tax ROCE reached 24.0%. While there are some business & regional nuances between the two leading companies (for instance, APD is lacking U.S. packaged gas business), here at the Lab, we believe are more inclined toward Linde, particularly when organic growth has been fairly similar. Cross-checking APD and Linde's last quarter results, we should recall that on a comparable basis, the German player volumes were flat with an average selling price up by 8%. On the other hand, APD increased its volume by 6% with an increase in the average selling price of 8% too. APD adj EBITDA grew by 13% while Linde achieved a plus 11%. However, Linde's EU exposure is greater than APD. Therefore, this is supportive of Linde's bottom line. In numbers, excluding the Engineering divisional performance, Linde's EMEA sales reached $2,177 million and represented 29.72% of the company's total sales. Compared to Q1 2022 number, turnover grew by 10% and was driven by a 13% of cost pass-through increase.
LLong
by moonypto
6
LIN Entry, Volume, Target, StopEntry: with price above 373.59 Volume: strong volume Target: 407 area Stop: Depending on your risk tolerance; 362.44 gets you 3/1 Reward to Risk Ratio. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
LLong
by tradepatiently
LIN, We watch this SHORT trade setup closely ! LIN is showing a nice SHORT setup ! however , entrance has not yet triggered ! What are entry triggers? Lets follow and see. As shown on the chart , Wave 2 or B was a real bull trap ! it Retraced back around 0.786 of wave 1 or A. After completion of the mentioned bull trap a considerable decline started which can be labeled as wave 1 of 3 or C. This implies that more than likely we are in internal waves of down going wave 3 or C. After market bounce , LIN has so far corrected 0.382 of wave 1 of 3 or C which can be acceptable for completion of counter trend correction however, we should smartly keep in mind that higher prices (310 or 317) corresponding to higher Retracement levels (0.5 and 0.618) are also possible for completion of counter trend correction which will be labeled as wave 2 of 3 or C. As currently, there are several possibilities we should watch stock closely and trade smartly . Triggers and conditions for opening or not opening a short position are described as followings : 1. A closed candle below 293 ( Related candle is remarked on the chart) is necessary to open an acceptable short position ! in this case our stop loss is 305 . 2. A closed candle below 283 confirms the completion of wave 2 of 3 or C. In this case we can enter more safely but our stop loss is still 305 ! This example shows how traders can adjust and manage their risks. This entry is more safe in terms of Elliott waves but poses more loss in case of stopping out. Choosing between these two entry points depends on trader's risk acceptance and personality. 3. A trade above 305 before fulfilling our entry conditions changes the trade set up ! and we will cancel our orders and still try to watch it closely to capture another safe short setup ! Please remind that higher prices (310 or 317) for completion of wave 2 of 3 or C is still possible ! 4. If this trade setup works, our targets will be 215 and 200. This publication shows how we should follow and watch stocks to find a low risk trade setup. I myself think LIN will see 215 or 200 or even lower prices however we have to trade based on facts and figures. We can enter into the trade only when facts confirms our beliefs. Please do not hesitate to ask questions if you find it necessary. Good luck every body and wish you huge profits.
LShort
by SaeedSajedi
6
LIN Update, End of correction or further decline?LIN price chart is in a position which suggests several alternatives in terms of Elliott waves and we have to be careful now !. Please keep in mid that when we are in world of Elliott waves we are dealing with possibilities not certainties. I published an idea about LIN with possible 215 and 200 short targets. These targets may still be valid but now we have some alternatives. Looking to the chart, We find that LIN showed a 5 leg down going wave from top of what has been labeled as wave 2 or B. This down going wave shows extended wave 1. 0.382 Retracement of related wave 2 supports the possibility of extended wave 1 in this down going wave so a trade above circled wave 4 proves the completion of this impulsive 5 leg down wave. Now, What are our alternatives ? : 1. If price cannot take out 278.17 circled wave 4, then we will see more decline in upcoming path and enjoy more from our short position. 2. If price can take out 278.17 circled wave 4 ( As pre-market data suggest it) , then we have two alternatives again : First : Completion of the flat correction : As wave 2 or B retraced back 0.786 of wave 1 or A and this Retracement level is typical for waves B in flat corrections, we may have flat correction with wave C slightly below wave A. Second : Completion of wave 1 of C or 3 . In this case LIN is just making a counter trend correction to the last declining wave and there may be another short setup later. As there are many alternatives right now, I decided to be in safe position and move my stop loss which is now take profit to above last minor high which is 278.17. What happens next? we have to be smart and watch carefully. Good luck everybody
L
by SaeedSajedi
2