JCDecaux : Business in China set to act as a significant drag on all of H1
>Likely very sharp drop in activity in China in Q1 - We recap here on our estimates for JCDecaux. While the health crisis continues in China, we believe that business will likely be very difficult in Q1 and also in Q2. Given the situation, we believe that the whole of H1 should now be impacted. We are therefore revising our organic growth expectations for 2020 downwards to 0.2% from 1.8% previously. This estimate is based on an assumption of a 40% contraction in busi...JC Decaux specializes in outdoor advertising. Co.'s business mainly consists of the sale of advertising space for these activities: Street Furniture, Transport Advertising and Billboard. The Street Furniture segment covers the advertising agreements relating to public property entered into with cities and local authorities. It also includes advertising in shopping centers, renting of street furniture, sale and rental of equipment, cleaning and maintenance. The Transport Advertising segment covers advertising in airports, subways, buses, tramways and trains. The Billboard segment covers advertising on private property and neon-type activity.
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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