PPG Industries to Exhibit Aerospace Solutions at Singapore

PPG Industries Inc. PPG announced that it will exhibit its entire range of aerospace products and services at Singapore Airshow, which will be held between Feb 11 and Feb 16.

Singapore Airshow is Asia’s largest aerospace and defense event. Notably, it is held biannually at the Changi Exhibition Centre in Singapore.

At Singapore Airshow, the company’s booth will feature a range of innovative industry offerings, (such as coatings, transparencies, sealants, packaging and application systems, engineered materials, and transparent armor), chemical management and other services.

PPG Industries will also exhibit its PPG Solaron Blue Protection UV blocking technology for aircraft windows alongside its wide range of sustainable and lightweight products. Notably, PPG Solaron Blue Protection UV helps protect aircrews, passengers and interiors of aircraft from solar radiation.

PPG Industries is investing in a 3,600-square-meter application support center (ASC) at the Seletar Aerospace Park in Singapore. Notably, the project is the largest investment (at around $15 million) that the company has made to date in Southeast Asia.

The company stated that the ASC will accommodate higher demand for aerospace coatings, adhesives, transparencies and sealants, chemical management services, and packaging of third-party products. Notably, the ASC is slated for completion in mid-2020.

Shares of PPG Industries have rallied 17.1% in the past year against the industry’s decline of 25.4%.

 

 

For 2020, the company expects continued organic growth in the Performance Coatings unit. For the Industrial Coatings unit, it expects a rebound in volume growth in the second half of 2020.

While PPG Industries is beginning to witness a modest recovery in industrial demand in China, it expects soft general industrial demand to persist in the United States and Europe.

For 2020, it projects adjusted earnings per share growth of 4-9%, which excludes the impact of currency translation. First-quarter 2020 earnings per share from continuing operations are projected between $1.32 and $1.42.

Further, the company expects sales growth of 1-3% (on a constant-currencies basis) for 2020, including acquisitions.

PPG Industries, Inc. Price and Consensus

 

PPG Industries, Inc. Price and Consensus

PPG Industries, Inc. price-consensus-chart | PPG Industries, Inc. Quote

Zacks Rank & Stocks to Consider

PPG Industries currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Daqo New Energy Corp. DQ, Royal Gold, Inc. RGLD and Commercial Metals Company CMC.

Daqo New Energy has a projected earnings growth rate of 326.3% for 2020. The company’s shares have rallied 73.8% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Royal Gold has an estimated earnings growth rate of 79.3% for fiscal 2020. It currently flaunts a Zacks Rank #1. The company’s shares have rallied 22.3% in a year.

Commercial Metals has a Zacks Rank #2 (Buy) and a projected earnings growth rate of 20.2% for 2020. The company’s shares have rallied 34.1% in a year.

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
PPG Industries, Inc. (PPG) : Free Stock Analysis Report
 
Commercial Metals Company (CMC) : Free Stock Analysis Report
 
DAQO New Energy Corp. (DQ) : Free Stock Analysis Report
 
Royal Gold, Inc. (RGLD) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.