Anonymous

29 Oct 2020

∙

Why might SAP shares plunge to biggest intraday slump since 1999 be good news to value investors given that it wiped off some $35 billion off its value?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Sudhan

29 Oct 2020

Hi anon, according to Techcrunch:

"SAP announced its Q3 earnings yesterday, with its aggregate results down across the board. And after missing earnings expectations, the company also revised its 2021 outlook down. The combined bad news spooked investors, crashing its shares by more than 20% in pre-market trading, and the stock wasn’t showing any signs of improving in early trading."

Looks like COVID-19 hit the company hard in the short-term.

But the share price plunge might be "good" news for those investors who have a long-term view of the company and believe in the growth prospects of SAP.

Reply

Save

Write your thoughts

Related Posts

Wall Street has suffered its biggest one-day loss since the financial crisis in 2008. There was a huge 30% plunge in world oil prices minutes after markets opened. Should investors panic?

What is the future of Sembcorp and Sembcorp Marine given that Temasek can mop up 1 billion Sembcorp Marine shares? Also, does this make Temasek its biggest shareholder?

Are preferred shares worth buying in SG, or are regular shares good enough, since they already pay pretty good consistent dividends?

SAP just wiped off $30 billion its market cap.. I always thought SAP was a very strong software group, how did the pandemic cause it to lose so much footing?

Is Salesforce a good buy? Salesforce to buy Slack in US$27.7b megadeal. I think it might be a good boost for their company, especially since Slack is increasinly commonly used?

Related Posts

Wall Street has suffered its biggest one-day loss since the financial crisis in 2008. There was a huge 30% plunge in world oil prices minutes after markets opened. Should investors panic?

What is the future of Sembcorp and Sembcorp Marine given that Temasek can mop up 1 billion Sembcorp Marine shares? Also, does this make Temasek its biggest shareholder?

Are preferred shares worth buying in SG, or are regular shares good enough, since they already pay pretty good consistent dividends?

SAP just wiped off $30 billion its market cap.. I always thought SAP was a very strong software group, how did the pandemic cause it to lose so much footing?

Is Salesforce a good buy? Salesforce to buy Slack in US$27.7b megadeal. I think it might be a good boost for their company, especially since Slack is increasinly commonly used?