Alstom : The share is under pressure - and has become inexpensive
>Stock under pressure since the CMD - Before the CMD on 5 July, the share was broadly trading at between € 42 and € 47, then suffered two sharp declines. The first was triggered by the new guidance issued at the CMD, whilst the second is recent and is still ongoing. In July, Alstom notably indicated that consolidated FCF in H1 (April – September) is set to be negative at between -€ 1.6bn and -€ 1.9bn, before returning to positive territory in H2 (not quantified). This...Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.
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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