“The Week”: Confidence somewhat clouded

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  François Bloch
  Experte

Switzerland

Under the management of Magdalena Martullo-Blocher, the EMS Chemie (ticker symbol: EMSN SW) continues to impress. The most recently presented quarterly figures show that the operating result (EBIT) could rise to CHF 620.4 million by 2027. It is crucial for your investment success to reinvest the dividend annually.
Trading strategy: Reload.

The Swissquote-shares (ticker symbol: SQN SW) have gained an impressive 44.83% since the beginning of 2024/2025. However, caution is now required as the price/earnings ratio is above 20 for the first time. It remains important to invest the dividend in new shares every year, but no further positions should be built up at present.
Trading strategy: Reinvest dividends.

In the long term, I am convinced by the shares of Zürcher VZ Holding (ticker symbol: VZN SW). The book value per share could rise to CHF 35.72 by 2027. The dividend could also develop strongly and rise to CHF 3.478 over the same period.
Trading strategy: Reload.

The shares of the sanitary specialist Geberit (ticker symbol: GEBN SW) are back on the list – and for good reason. The book value per share could rise to CHF 53.25 by 2027. In my view, the development of the cash flow per share could be encouraging: to CHF 28.75.
Trading strategy: Reload.

Europe

Hochtief (ticker symbol: HOT GY) is developing into the new stock pearl in Germany. The operating result (EBIT) could rise to a strong EUR 1.575 bn by 2027. The expected dividend yield of 3.9% in 2026 seems attractive to me.
Trading strategy: Reload.

The Belgian Sofina S.A. (ticker symbol: SOF BB) offers an interesting valuation arbitrage. While the market portfolio was valued at EUR 10.054 bn at the end of 2024, the market capitalization was “only” EUR 9.02 bn on Friday evening – an opportunity in my view.
Trading strategy: New.

The shares of the Italian cement manufacturer Buzzi SpA (ticker symbol: BZU IM) are attractive in my view. The operating result (EBIT) should improve to EUR 1.092 bn in 2027, while the dividend could rise to EUR 0.9406 in the same period.
Trading strategy: New.

After a difficult phase, Hermès International (ticker symbol: RMS FP) is back on top form. The book value per share could rise to EUR 250.30 in 2027 and the dividend could also develop favorably: to EUR 26.21 in 2027. The dividend should be reinvested in new shares.
Trading strategy: Reload.

The securities of Erste Group Bank (ticker symbol: EBS AT) surprise me positively. The operating result (EBIT) could grow to EUR 7.032 billion. In the same period, the book value per share could increase to EUR 69.83. Here, too, the annual reinvestment of the dividend is an obvious choice.
Trading strategy: Reload.

The Spanish airport operator AENA (ticker symbol: AENA IM) is in excellent shape in my view. The operating result (EBIT) could rise to EUR 3.116 billion in 2027.
Trading strategy: Reload.

Infineon (ticker symbol: IFX GY) could become a major topic in the second half of 2025. The operating result (EBIT) should rise to EUR 3.565 billion. The dividend also shows a slight increase – although not at the level of the US competition, it is still considerable.
Trading strategy: Reload.

The German insurer Talanx (ticker symbol: TLX GY) is reporting a significant improvement. The operating result (EBIT) could rise to EUR 5.92 billion by 2027 – a promising outlook. This is coupled with a potential dividend yield of 3.19% in 2026.
Trading strategy: Reload.

USA

For growth-oriented investors, an investment in Palantir (ticker symbol: PLTR US). The operating result (EBIT) of this US technology company is likely to increase to a strong USD 2.991 billion by 2027. Over the same period, the book value per share could rise to USD 4,498.
Trading strategy: Reload.

The US specialist for energy efficiency, Carlisle Companies (ticker symbol: CSL, US), has regained momentum. The operating result (EBIT) could rise to USD 1.453 billion by 2027. Of particular note is the expected EBIT margin of 25.03% in 2027, which could make the company attractive to new investor groups.
Trading strategy: Reload.

GE Aerospace (ticker symbol: GE US) impresses with strong development. The operating result (EBIT) is expected to rise to USD 10.525 billion in 2027. The return on equity could probably reach 21.98% in 2027 – this would be a clear signal of the long-term attractiveness of the share.
Trading strategy: Reload.

Joining the energy specialist Vistra (ticker symbol: VST US) could be worthwhile. The operating result (EBIT) should improve to USD 4.785 billion by 2027. The EBITDA margin could reach 30.04% by 2027. I also expect the book value to increase by 69.42% in the period mentioned.
Trading strategy: Reload.

Yours sincerely,
François Bloch

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Disclaimer
payoff Media AG and François Bloch receive neither payments nor commissions from the products mentioned.