WDP : Recent sell-off explained by fundamentals. Going forward EPS growth is not a main worry to us, lower valuation growth is
>New reality is fully reflected in today’s share price - We downgraded WDP to Neutral on March 17th, on the back of rising development costs due to inflation and therefore we expected lower development margins. Four months later this has continued and also interest rates have risen further. WDP’s share price is down over 30% year-to-date and the question is what is priced in today and if the bad news is now incorporated in WDP’s valuation. We would argue the current s...Warehouses De Pauw and its subsidiaries are engaged in investment in the Belgian semi-industrial property market. Co. is a closed-end property investment company which specializes in: development of storage and distribution premises; customized projects in line with the user's request; acquiring premises for customers who wish to engage in sale and leaseback transactions.
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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