ENGIE : A first step towards the end of the discount
>The strategic simplification supports the outlook - On Friday morning Engie reported earnings in line with our expectations and issued cautious guidance for 2020. Yet the share price reacted positively thanks to the announcement of a strategic plan that makes sense and which seems likely to reduce the share’s discount in the future. We trimmed our estimates for 2020 (-2%) to take account of all the indications given for the guidance but raised our expectations for 20...Engie is an industrial group, based in France, active in the fields of gas, electricity, energy services and the environment. Co. is an energy provider across the entire energy chain, in electricity and in natural gas, including: purchase, production and commercialization of natural gas and electricity; transport, distribution, management and development of major natural gas infrastructures; design and commercialization of energy services and environment-related services. Co.'s activities are conducted through five segments: Energy Europe, Energy International, Global Gas and LNG, Infrastructures, and Energy Services.
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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