Report
Benoit Valleaux ...
  • Steven Gould

Millennium BCP : Q4 2021: recovery at the operating level confirmed

>Outperform rating maintained, target price of € 0.22 unchanged - We maintain our positive rating on the stock in the wake of the Q4 2021 results publication, as we still believe that the significant momentum for a recovery in profitability in the short to medium term is not adequately priced in at current levels despite this element of lasting risk/pressure related to foreign currency loans (largely reflected in our estimates) – at this stage the stock is trading at ...
Underlying
Banco Comercial Portugues S.A.

Banco Comercial Portugues is a privately-owned bank that provides a range of banking activities and financial services in Portugal and abroad, with a focus on commercial banking, corporate and investment banking and asset management and private banking. Co. operates in the following segments: Portugal, which consists of retail banking (including ActivoBank), companies (including companies and corporate and investment banking), asset management and private banking, and non-core business portfolio; and foreign activity, which consists of Poland, Angola, and Mozambique. As of Dec 31 2014, Co. had total assets of Euro76.36 billion.

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
Benoit Valleaux

Steven Gould

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