Report
Roland Pfaender,MBA,CFA,CCRA ...
  • Steven Gould

Deutsche PfandbriefBank AG : Un risque de pression durable sur le titre

>Opinion Sous-performance réitérée – OC abaissé à 5.2 € (vs 7.5 €) - Nous réitérons notre approche prudente (opinion Sous-performance) sur le titre PBB après la publication des chiffres T4/FY 2023. L’évolution des performances opérationnelles du groupe nous incitent à rester prudents sur les perspectives du groupe (évolution modeste de la top line, niveau encore significatif attendu du coût du risque lié à l’exposition à l’immobilier commercial US). En dépit du messag...
Underlying
Deutsche Pfandbriefbank AG

Deutsche Pfandbriefbank is the parent company of Deutsche Pfandbriefbank Group. Through its subsidiaries, Co. is engaged as a bank for real estate finance and public investment finance. Co. structures medium to large financing transactions for real estate investors in office, retail, residential and logistics properties. Co. finances public sector investment in infrastructure projects such as public housing, utilities and waste disposal, health care and nursing care properties, as well as child care and educational facilities. Co. also provides government-backed export finance. Co. operates in Germany, the U.K., France, the Nordic countries as well as Central and Eastern European countries.

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
Roland Pfaender,MBA,CFA,CCRA

Steven Gould

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