Report
Benoit Valleaux ...
  • Steven Gould

Millennium BCP : Underlying solide vs headwinds temporaires en Pologne : potentiel de redressement notable en vue

>Opinion Surperformance réitérée – OC porté à 0.28 € (vs 0.23 €) - Nous réitérons notre opinion positive sur le dossier suite à la publication des chiffres T4 2022 de Millennium BCP, considérant toujours que la dynamique de redressement significative de l’opérationnel underlying et de la rentabilité à CMT (de nouveau confirmée sur le trimestre) n’est pas suffisamment intégrée aux cours actuels malgré la pression durable liée aux litiges sur prêts FX et l’impact prévis...
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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