Acerinox : Le COVID-19 ne doit pas faire oublier les qualités intrinsèques du groupe. Achat (vs Neutre)
>Un bon T1 jusqu’à l’éruption du COVID-19. Des fondamentaux solides - Le marché nord-américain a bien tenu au T1 2020 avec une demande stable, des stocks en ligne/voire inférieurs à la moyenne et une faible activité d'importation (13% de part de marché). Cet environnement a permis à la filiale d’Acerinox, North American Stainless (NAS), d'annoncer des hausses de prix sur ses ventes spot. L'incertitude a persisté sur le marché européen, bien que l'activité se soit ins...Acerinox is the parent company of a group engaged in the manufacture and sale of flat and long stainless steel products, and stainless steel wires. Co.'s major products include slabs, billets, black coils, plates, hot-rolled coils, hot-rolled sheets, flat bars, hot-rolled re-bars, hot-rolled black bars, engraved sheets, cold-rolled coils, cold-rolled sheets and circles. Co. also provides long stainless steel products, such as wire rods, angles, hot rolled flat bars, hot rolled re-bars, reinforced bars in coils, cold rolled re-bars, hot rolled black bars, cold drawn bars, and smooth turned bars. In addition, Co. offers wires, welding wire bars, and bars for electrodes.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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