ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 08/01/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 01/08/2025

Ferrari : Solid Q2 results and the best is yet to come; unjustified share price reaction

BiG Research PSI20 Note: Jerónimo Martins Initiation of Coverage

BiG Research - PSI20 Note: Jerónimo Martins Initiation of Coverage Jerónimo Martins is committed to grow the business by continuous store expansion in all the markets, where it is present. The highest growth opportunities are viable in Health & Beauty sector in Poland, where Hebe is present (revenue growth +25% in 2018) and food retail in Colombia, where Ara is operating (revenue growth +48%). However, the two banners are not expected to achieve the scale, which Biedronka or Pingo Doce has, consequently they can contribute to the total revenues by 5-7% in the medium term. Moreover, Ar...

BiG Research PSI20 Note: Altri

Altri is a pulp producer based in Portugal. Currently has the capacity to produce around 1.1 mn tonnes of pulp (0.99 mn tonnes of BEKP and 0.1 mn tonnes of dissolving pulp).  It also has 97.1 MW of electricity capacity. It also manages 80k ha of forest which satisfies around 20% of its needs. Altri trades in the Portuguese stock exchange with a market capitalization of around EUR 1.15 bn.  

BiG Research Flash Note: Sainsbury

Sainsbury is a UK based retail company being the third biggest player in the UK. The company operates only in the UK and in the Ireland Republic in the retail segment with the supermarkets and convenience stores, the financial services segment with the Sainsbury Bank, and property investments segment with the joint ventures with the British Land Company and land Securities Group. Sainsbury has approximately 770 convenience stores and offers over 15,000 own brand products. The Sainsbury bank offers products including insurances, credit cards, savings and loans. Sainsbury has 116,400 employees a...