Wirecard AG : Roll on the end of the KPMG audit!
>Buy recommendation maintained, even though upside on the stock will be limited until the KPMG audit is finalised - Wirecard yesterday reported a good set of Q3 2019 results, confirmed its 2019 EBITA guidance and issued 2020 guidance which points to fresh EBITDA growth of 34%. But the market’s reaction was lukewarm (-1.18%), for several reasons: 1/ the stock had already added 2% on Tuesday on the announcement of the acquisition of a Chinese player (AllScore Payment S...Wirecard is engaged in the business of global payment processing, risk management and payment acceptance, as well as card issuing. Co. operates in three segments: Payment Processing & Risk Management, which comprises of products and service for the acceptance or implementation and the downstream processing of electronic payments and the associated processes; Acquiring & Issuing, which includes acceptance (acquiring) and issuing credit cards and prepaid cards, as well as account and payment transaction services; and Call Center & Communication Services, which comprises all of the products and services that address the call centre assisted support of corporate and private customers.
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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