GE's performance was warned that its share price continued to fall

According to foreign media reports, in an investor report, J.P. chase made an alarm. He warned shareholders that the value of one of the group's key businesses, the aviation sector, was much lower than most expected.
In recent years, most of GE's business departments have been struggling, but the general aviation sector has been a bright spot, with steady revenue growth and good order inventory. Currently, about two-thirds of commercial aircraft flights are powered by GE engines.
And J.P.'s report said, "the growth rate of general aviation business is obviously lower than market expectations, and the risk is great, so the market value support is even smaller." JP Morgan's rating on Ge was cut, and its target price was $5 per share at the end of 2020.
In addition, GE also sent out other negative news, indicating that the company's capital is under pressure. According to Bloomberg, GE has decided to freeze about 20,000 employees'U.S. pension plans. It will also freeze about 700 U.S. employees' supplementary pension plans. It is expected that the company will reduce the pension gap by about $5 billion to $8 billion. GE also expects to include non-cash pre-tax cuts in the fourth quarter related to the US GE pension plan and the supplementary pension freeze.
It would continue to evaluate company policies to reduce leverage and strengthen its balance sheet. By June 30, 2019, GE and its financial branches had borrowed $105.8 billion. The company has announced a $9 billion to $11 billion debt reduction plan, including a $5 billion offer to acquire its debt balance over the past month. At present, GE's share price has fallen by 20% from its peak in February. CNBC quoted Bill, chief executive of blue line futures, as saying that GE shares still have potential selling pressure. The slowdown in global economic growth has also made cyclical stocks like GE undervalued. Some analysts said that if you want to buy stocks, the premise is that the global economy needs to go back to accelerating growth, which may need to wait until early 2020. At present, the global economy is still in a slowdown stage and needs more stimulus measures, so it is not a good time to buy.
2026-07-27
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Price Increases Sweep Chemical Industry, Both Overseas and Domestic Markets Experience Upward Trend
-
Major Strike! Raw Material Prices Surge by 11%!
-
Dow rises!
-
In April, the first round of price increases hit!
-
Chemical market slightly back
-
China's pesticide price index in October 2022
-
Today's US dollar market PTA price fell
-
Lanxess raises prices of inorganic pigments
-
Chemical Raw Materials Plummeted
-
Polyethylene prices gradually rose in recent years
Recommend Reading
-
China’s Chemical Time Bomb Just Got a Legal Fuse: The New Law That Could Save Thousands of Lives
-
Can Lotte Chemical's Four Growth Pillars Support Its New Valuation After Spinning Off Basic Chemicals?
-
U.S. 10% Temporary Tariff Expires, New Section 301 Tariffs Not Yet Implemented
-
New Titanium Dioxide Alternative Moves Closer to Market
-
Lilly Bets Bigger on China
-
Demand Stable, Toluene Market Shows Little Volatility in September
-
Benzalkonium Chloride: Essential Uses, Safety Tips & Cleaning Guide
-
In February, the market price center of anhydrous hydrogen fluoride in China moved upward
-
Phenol Market Broadly Declines Since November, Then Gradually Stabilizes
-
July styrene market fluctuates and falls in China