Report
Benoit Valleaux ...
  • Steven Gould

Millennium BCP : Un potentiel de rerating encore significatif !

>Opinion Surperformance réitérée – OC ramené à 0.37 € (vs 0.40 €) - Un récent contact avec la société vient conforter notre opinion Surperformance, avec le maintien d’une dynamique significative de redressement de l’opérationnel underlying et de la rentabilité à CMT ainsi que le renforcement notable de la solvabilité - cela reste, selon nous, insuffisamment valorisé malgré le rerating récent du titre (+78% YTD, +63 pp vs secteur) même en considérant une pression durab...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch