Rémy Cointreau : T3 : rebond de 33% du Cognac porté par les US et la Chine
>Un momentum qui devrait soutenir le titre - Notre recommandation Alléger est fondée sur des niveaux de valorisations que nous jugeons trop élevés, même si le statut d’iconic brand soutient et a toujours soutenu la prime du titre vs pairs. Le très beau momentum du T3 avec un rebond du cognac 2x supérieur aux attentes, combiné à la sous-performance récente du titre (-3% sur 3M vs +10% et +9% pour Diageo et Pernod Ricard) pourraient être un soutien pour le titre.§h...Remy Cointreau is an operator in the global wines and spirits market. Co. produces, markets and distributes Cognac, Liquors and Spirits and other non-group brand alcoholic beverages. Co.'s primary cognac brand is Remy Martin, produced from Petite Champagne and Grande Champagne eaux-de-vie. Co.'s principal liquor and spirits include the following brands: Cointreau, Passoa, Metaxa, St Remy, and Mount Gay. Co. also operates a distribution network that handles products from partners and third-party companies. Major non-group products distributed by Co. include Scotch Whiskies (Edrington brand), Champagne (Piper-Heidsieck and Charles Heidsieck brands) and Vodka.
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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