ABB order inflows may boost Siemens and Honeywell
after close1 source ↓written by the desknot a recommendation
ABB reported stronger-than-expected order inflows, indicating robust industrial capex demand despite inflation concerns. JM Financial's Priyankar Biswas highlighted that this trend could positively impact Siemens and Honeywell Automation due to increased hyperscaler data center orders. Additionally, Kirloskar Oil Engines' entry into the data center power segment may enhance valuation prospects.
Not investment advice. For informational purposes only.