SBM Offshore : Take positions in offshore (FPSO)
>Buy recommendation, SBM Offshore is a key operator to play the acceleration in greenfield projects - We are maintaining our Buy recommendation (target price: € 22) on the stock in order to play the increase in offshore greenfield projects which will require new floating infrastructure (FSPOs; a market segment in which SBM Offshore is a leading player; representing 45% of the floating supports that are already in place). The recent commercial successes reported b...SBM Offshore is a holding company. Co. provides floating production solutions to the offshore energy industry, over the full product life-cycle. Co.'s main activities are the design, supply, installation, operation and life extension of floating production, storage and offloading (FPSO) vessels. Other products include semi-submersibles, tension-leg platforms, floating production storage and offloading liquefied natural gas, turret mooring systems, brownfield and offshore (off) loading terminals. As of Dec 31 2015, Co.'s fleet consisted of 10 FPSOs, two floating storage and offloadings, one mobile offshore production unit, one semisubmersible in operation worldwide.
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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