Report
Sven Edelfelt

HOCHTIEF : Attractive risk/reward profile

>One of the stocks in the sector the least affected by COVID-19 - During the conference call that we organised with Mike Pinkney, head of corporate strategy, he confirmed the relative resilience of Hochtief’s markets even at the height of the COVID-19 crisis. For Cimic (35% of sales, 64% of group EBIT), Australia has been relative unaffected by the virus and because infrastructure and mining activities have been deemed essential to the economy, with the exception of a...
Underlying
Hochtief AG

Hochtief is a holding company. Through its subsidiaries, Co. operates as a construction company engaged in projects in the transportation, energy, and social and urban infrastructure sectors as well as contract mining. Co. provides its services through three divisions: HOCHTIEF Americas, which encompasses the construction activities of operational units in the U.S and Canada; HOCHTIEF Asia Pacific, which includes the construction activities and contract mining in the Asia-Pacific region; and HOCHTIEF Europe, which designs, develops, builds, operates, and manages real estate and infrastructure, with primary business in Europe as well as selected other regions.

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
Sven Edelfelt

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