BMCE Capital Research Earning H1 2020
At the end of a semester heavily impacted by the health crisis, the effects of which were felt mainly in Q2 2020, the activity of the main economic operators was undermined, de facto impacting the financial achievements of listed companies.
On the commercial side, the poor performance of industrial stocks was attenuated by the good overall resilience of the banking sector, driven by the dynamics of the loans distributed (in particular DAMANE OXYGENE) as well as by the fall in the key rate.
However, the combination of several unfavorable elements such as the deterioration of the operational indicators of listed companies, particularly for industries, attributable to the incompressible nature of structural costs, and the contribution to the COVID Fund, further strained their bottom line.
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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