Tinus0609 schreef op 21 december 2017 17:42:
Amerikanen hadden er zin in vandaag. Misschien doordat UBS dit zei gerelateerd aan de marges
Daniel Ekstein, an analyst at UBS, said the broker has received a number of questions about whether Dutch retailer Ahold Delhaize (AD.AS) would benefit.
Despite deriving 62 percent of revenues from the United States, the retailer’s tax rate is already low at around 24 percent, meaning its U.S. peers could benefit more and leading to deflation in the retail sector.
“If the U.S food retail industry were to benefit from, say, an average 5 percent reduction in tax rate we believe that in the mid-term you'd see shelf-edge prices 5 percent lower, rather than margins 5 percent higher,” he said in a note to clients.