Vicat : A mini-warning but a warning nevertheless…
>Buy recommendation maintained after the one-way carnage! - Despite the announced acquisition in Brazil at a reasonable price (cf. equity flash of 5 October: “Episode 2: announcement of a good (Ci)plan in Brazilâ€), the Vicat stock is still penalised by the issue of the sector’s cyclical nature against the backdrop of higher energy costs. We think that the share’s performance does not reflect the group's fundamentals and the outlook even less. We are continuing to play...Vicat specializes in the production and marketing of cement, ready-mixed concrete and aggregates. Co. is also engaged in other activities which are: transport brokering (transporting materials and merchandise to large work sites) and contract work, production of prefabricated concrete products, fabrication of building products and paper. Co.'s business is divided into four segments: Cement, Ready-Mixed Concrete, Aggregates and Other Products and Services. Co.'s activities are conducted in eleven countries across Europe, North America Asia, Africa and the Middle East such as: France, U.S.A., Italy, Switzerland, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan and India.
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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