Corestate Capital Holding S.A. : Capital increase injection to better withstand COVID-19 – Target price lowered due to reduced earnings estimates
>We have updated our model due to new guidance & capital increase - We have updated our model due to i) Corestate´s new guidance for 2020e which is significantly below its initial 2020e guidance issued in February 2020 which was withdrawn in April 2020 due to the COVID-19 pandemic and ii) the company´s clearly dilutive cash capital increase. We reduce our estimates for 2020e, 2021e and 2022e - Corestate´s new 2020e guidance is as follows: i) aggregate...Corestate Capital holding is a holding company. With its group companies, Co. offers a range of real estate investment management services, such as investment, fund, asset, property and facility management. Co.'s product offering primarily covers residential, commercial and microliving assets (including developments) and addresses all risk/return profiles, i.e. from core/core plus to value add/opportunisitc. Clients include semi-institutional investors (HNWIs and family offices) as well as institutional investors. Co.'s key market is Germany. Additional activities focus on other European countries such as Austria and Spain as well as the Benelux countries.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.