Equity Note on LafargeHolcim Bangladesh Limited (LHBL)

LafargeHolcim Bangladesh Limited (LHBL), previously known as Lafarge Surma Cement Limited (LSC), a joint venture of LafargeHolcim and Cementos Molins, is the only fully integrated cement manufacturer of Bangladesh along with three grinding plants. It is engaged in manufacturing and marketing cement, clinker and clear-sized aggregates.

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/30/2018

A number of recent indicators in France have disappointed and the upturn in Legrand’s activity there (16% of sales) has not been as robust as hoped, prompting concerns about underlying difficulties. But we think Legrand’s business in France is in line with market trends and, importantly, the group has found alternative sources of growth. We reiterate our Buy recommendation. Cf. report published today. - - ...

ODDO : Building industry in France: a challenging month of July

>Negative stock market impact - Data reflects a rise in the non-residential segment in July, but a decline in the residential segment. Whilst there was no doubt as to the slowdown in the residential segment, the fall in building permits in the non-residential segment over three months rolling is disappointing and could lead to a slowdown in 2019 if this trend is confirmed. Figures that nonetheless need to be confirmed as the Football World Cup probably had an impact o...

Negative signals for the US housing sector

Macro indicators for the construction sector, and the housing market in particular, have been poor recently. Homebuilders confidence has plummeted, housing sales and starts are stagnating at low levels. A sector so central to the economy appears to be frozen. President Trump has an idea for boosting the sector, and this would involve cutting Fed rates by 200-300bp in one fell swoop, in the hope of making the cost of mortgage borrowing bearable. His anti-Powell fury no doubt has something to do with this housing slump. It goes without saying that the Fed is not prepared to move that fast or th...

Oddo’s 2 Weeks Ahead_Friday 27 June 2025

Signaux négatifs pour le secteur immobilier US

Dernièrement, les indicateurs macro relatifs au secteur de la construction, en particulier le marché du logement, ont été mauvais. La confiance des promoteurs a chuté, les ventes et la production de logements stagnent à un bas niveau. Un secteur si central pour l’économie paraît gelé. Le président Trump a une idée pour lui redonner du tonus, ce serait de baisser les taux de la Fed de 200-300pdb d’un coup, dans l’espoir de rendre supportable le coût des emprunts immobiliers. Sa fureur anti-Powell a sans doute à voir avec ce marasme. La Fed n’est pas disposée à bouger si vite ni si fort il va sa...