AngloAmerican Plc : H2 2020 expected to keep all its promises. Buy rating reiterated
>The worst is over, H2 2020 looking promising - Anglo American (AA) proved relatively resilient to the sharp fall in its production of copper equivalent in H1 2020 (-11%, of which -18% in Q2). EBITDA for H1 2020 was $Â 3.4bn (vs $Â 5.5bn in H1 2019) and was impacted by: 1/ operating incidents totalling $Â 1bn, of which $Â 0.4bn was due to Met Coal and $Â 0.6bn to Anglo Platinum (AA owns 80% of Amplats) and; 2/ COVID-19 (-$Â 1.1bn). These headwinds were not offset by the fav...Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
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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