Report
Martial Descoutures

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/06/2021

Nous initions la couverture du segment « classified » (petites annonces) avec 4 nouvelles valeurs : Adevinta (Surperformance, 200 NOK), Scout24 (Surperformance, 80 €), Auto Trader (Neutre, 585 p) et Rightmove (Sous-performance, 600 p). Nous y intégrons Prosus (Surperformance, OC 126 €) dont la branche « classified » est le principal actif consolidé. En tenant compte de ce dernier pôle, la capitalisation boursière de ce segment est de 41 Md€. Le secteur a de nombreux atouts (barrières ...
Underlyings
ADLER Real Estate AG

ADLER Real Estate provides commercial and residential project development services in the form of improvement, planning, development and construction, as well as asset management services and property management services. Adler is also engaged in the acquisition, sale, renting and financing of real estate. Co. also provides international and national joint venture activities and acts as co-investor in the acquisition of real estate portfolios.

Nexi S.p.A.

Nexi SpA. Nexi SpA is an Italy-based financial technology company. The Company is specialized in the payment technology field offering digital services and infrastructure to banks, businesses, institutions and the public administration.

Novartis AG

Novartis is a multinational healthcare group based in Switzerland. Co. provides healthcare solutions that address the evolving needs of patients and societies worldwide. Co.'s broad portfolio includes innovative medicines, eye care products and cost-saving generic pharmaceuticals. Co.'s operations are organized along three operating divisions: Innovative Medicines Division; Sandoz Division; and Alcon Division. Co.'s operations are supported by the Novartis Institutes for BioMedical Research and Novartis Business Services.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Martial Descoutures

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