Report
Oliver Metzger ...
  • Usama Tariq

ODDO BHF Small & MIDCAP MORNING NEWS - 10/06/2023 Date Performance since listing Date Performance since listing

The insurance sector is trading at low multiples despite positive operating momentum, in particular in P&C insurance, as a result of fears that we believe are overblown. We remain positive on the sector, which offers good visibility on EPS growth with the prospect of attractive returns of capitals. Our Top Picks among large caps are AXA (Outperform, target price € 37), Allianz (Outperform, TP € 276) and Swiss Re (Outperform, TP CHF 113) and, among other stocks, ASR (Outperform, TP € ...
Underlyings
Gerresheimer AG

Gerresheimer is a holding company. Through its subsidiaries, Co. manufactures glass and plastic products for the pharma and healthcare industry. Co.'s operates in three divisions: Plastics & Devices, which its product portfolio includes products for the administration of medicines, such as insulin pens, inhalers, and prefillable syringes; Primary Packaging Glass, which produces glass primary packaging for medicines and cosmetics, such as pharma jars, ampoules, injection vials, cartridges, perfume flacons, and cream jars; and Life Science Research, which produces laboratory glassware for research, development, and analytics, such as beakers, Erlenmeyer flasks, and measuring cylinders.

Hydrogen Refueling Solutions

Orege SA

Orege SA is a France-based company active in the environmental industry. The Company offers solutions of the treatment of effluents, such as wastewater and sludge, for industrials in the oil and gas, petrochemical and chemical sectors, as well as for the food and beverage and municipals industries. It provides water treatment units, which are later operated by customers in partnership with the Company, and water purification services, which involve the setting up for a determined period of time (from one month to over a year depending on the case) of a treatment on the customers site for one-off treatment work. In March 2014, Eren's stake in the Company increased up to 69.22% of capital and 60.52% of voting rights as result of takeover bid launched together with certain shareholders. In March 2014, Eren SA acquired 48.9% of the Company.

RENEWI PLC

Societe LDC Societe Anonyme

Societe LDC SA is a France-based holding company engaged in food processing. The Group provides poultry products, as well as a range of delicatessen food. It has four business lines: Upstream division, which is responsible for branch management; Poultry division, engaged in the poultry, pig and cattle farming, as well as egg production and others; The Delicatessen division, offering ready-to-eat meals and snacks like pizzas, sandwiches, tarts and desserts and International division which focuses on international development with countries specific strategies. It markets its products under various brands, including Le Gaulois, Loue and Traditions d'Asie.

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
Oliver Metzger

Usama Tariq

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