BASF, Deutsche Boerse, IDS, Q-Cells, TUI: German Equity Preview

By Nadja Brandt and Stefanie Haxel

Dec. 2 (Bloomberg) -- The following companies may have unusual price changes in German trading. Stock symbols are in parentheses, and share prices are from the previous close.

DAX Index futures expiring in December declined 43, or 1 percent, to 4,332.5 as of 8:16 a.m. in Frankfurt. The DAX fell 5.9 percent to 4,394.79 yesterday.

AWD Holding AG (AWD GY): The financial services broker bought by Swiss Life Holding AG plans to reach 1 billion euros ($1.3 billion) in sales by 2012, driven by the growing number of financial advisers. The shares lost 0.2 percent to 27.45 euros.

BASF SE (BAS GY): ING Groep NV cut its recommendation for the world’s largest chemical maker to “sell” from “hold.” The shares tumbled 7.3 percent to 23.28 euros.

Deutsche Boerse AG (DB1 GY): German stock-exchange trades in November fell 49 percent to 137.4 billion euros from a year earlier, Deutsche Boerse said. The shares dropped 5.8 percent to 52.98 euros.

Deutsche Lufthansa AG (LHA GY): Europe’s second-biggest airline has temporarily taken out of service four long-distance planes because of a drop in demand, company spokesman Christian Gottschalk said. The shares slid 4.9 percent to 9.83 euros.

Douglas Holding AG (DOU GY): Goldman Sachs Group Inc. added Europe’s largest retailer of makeup and perfumes to its “conviction sell” list. The shares retreated 1.7 percent to 32.22 euros.

Hypo Real Estate Holding AG (HRX GY): HSBC Holdings Plc cut its recommendation for Germany’s second-biggest commercial- property lender to “underweight” from “neutral.” The shares gained 2.2 percent to 2.83 euros.

IDS Scheer AG (IDS GY): The software company plans to buy back as much as 5 million euros of stock. The shares declined 4.5 percent to 5.07 euros.

Munich Re (MUV2 GY): JPMorgan Chase & Co. raised its share- price projection on the world’s biggest reinsurer 16 percent to 148 euros. The shares sank 3 percent to 103.80 euros.

Q-Cells SE (QCE GY): The solar-cell maker expects to reach sales goals next year even as the global economy falters, Financial Times Deutschland reported, citing an interview with Chief Executive Officer Charles Anton Milner. The shares plunged 18 percent to 21.42 euros.

SAP AG (SAP GY): Hitachi Ltd., a Japanese supplier of plasma televisions and software services, said it will raise revenue 58 percent in three years from SAP’s business-management programs by expanding sales to overseas. Hitachi has sold computer programs from the world’s largest maker of business-management software in Japan since 1994. SAP shares lost 3.5 percent, to 25.915 euros.

SGL Group AG (SGL GY): Goldman downgraded the world’s largest maker of carbon and graphite products to “sell” from “neutral.” The shares declined 10 percent to 18.37 euros.

TUI AG (TUI1 GY): Hamed El Chiaty may consider increasing his stake in the German owner of Europe’s largest travel company, Reuters reported, citing the investor. TUI shares fell 3.4 percent to 8.465 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net