Bollore : A good set of H1 2019 figures and still-solid prospects in Africa
>H1 2019 EBIT beat our expectations thanks to the African ports - Bolloré's H1 2019 results, reported yesterday, beat our expectations. The group confirmed a still-positive trend in transport and logistics, which is being driven by the African operations. Our estimates are therefore broadly unchanged. We are maintaining our Buy recommendation on the stock, with an adjusted target price of € 4.8 (vs € 5) given the lower valuation of Financière de l’Odet. The discount ...Bollore is a holding company. Through its subsidiaries, Co. conducts business in international logistics, transportation and logistics in Africa (port management, stevedoring, logistics), fuel distribution, batteries and supercapacitors, electric vehicles, plastic films for capacitors and packaging, dedicated terminals and systems, plantations, communicationa and the media (television and free press, advertising and market research) and the management of portfolio shareholdings. Co.'s activities can be divided into four segments: Transportation and logistics, Industry, Fuel distribution, and Other activities.
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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