Report
Arnaud Despre ...
  • Augustin Socié
  • Gaetan Calabro
  • Maxence Dhoury
  • Mohamed Kaabouni
  • Nicolas Montel
  • Nicolas Royot
  • Yann de Peyrelongue

La Matinale - 28012022

LA VALEUR DU JOUR :
MANITOU : Du bon tout de suite et à venir / Contact – Acheter (1), obj. 35.0€ .......................Cours: 30.3€ au 27/01/22
ALTEN : Encore très solide / Confcall – Renforcer (2), obj. 154.6€ ..............................Cours: 140.5€ au 27/01/22
ATEME : T4 affecté par les contraintes d'approvisionnement / Contact – Acheter (1), obj. 18.6€ .............Cours: 12.7€ au 27/01/22
BALYO : En ligne mais commandes inférieures, retour de la croissance en 22 / Contact – Conserver (3), obj. 1.46€ ..Cours: 1.17€ au 27/01/22
CEGEDIM : Meilleur atterrissage dû au négoce faiblement margé / Confcall – Acheter (1), obj. 29.0€ ..........Cours: 24.5€ au 27/01/22
COIL : CA en ligne & nette amélioration du mix – Acheter (1) vs Conserver (3), obj. 11.0€ .................Cours: 8.00€ au 27/01/22
DERICHEBOURG : Encore un très bon trimestre – Acheter (1), obj. 12.7€ ..........................Cours: 10.9€ au 27/01/22
GTT : Le GNL carburant confirme son succès naissant – Acheter (1), obj. 88.7€ ......................Cours: 81.5€ au 27/01/22
KAUFMAN & BROAD : Accélération des réservations au T4 – Acheter (1), obj. 49.0€ ....................Cours: 32.8€ au 27/01/22
MERSEN : Bon T4 et relèvement de la marge – Conserver (3), obj. 34.0€ ..........................Cours: 34.5€ au 27/01/22
ONCODESIGN : La BU service tracte l'activité – Acheter (1), obj. 16.5€ ............................Cours: 9.67€ au 27/01/22
SES IMAGOTAG : Très bon T4, supérieur aux attentes / Confcall – Conserver (3), obj. 64.7€ ................Cours: 65.3€ au 27/01/22
WAVESTONE : Scénario confirmé après un bon T3 / Confcall – Conserver (3), obj. 50.6€ Cours: 48.6€ au 27/01/22
WAGA* : Mise en service de l'unité de Gournay Cours: 27.6€ au 27/01/22
Underlyings
Alten SA

Alten is a holding company. Through its subsidiaries, Co. operates in three areas: Engineering and Technology Consulting (ETC), Telecoms Networks and Multimedia, and Information Systems (NTIS). Through the Engineering and Technology Consulting (ETC) segment, Co. studies and designs technology products for technical divisions in industry and telecoms. The Telecoms Networks and Multimedia segment focuses on Product design, Architecture, deployment, and operation of networks. Lastly, the IT systems segment comprises Applications and software development, and Infrastructure and Telecoms (Applications, systems and networks Corporate telecommunications).

Ateme SA

Ateme SA. Ateme SA is a France-based company, which is a global solution provider in advanced video compression for the broadcast and telecom industries. It develops hardware and software solutions in video and signal processing. ATEME encoding solutions are deployed widely in broadcast contribution links over satellite or fiber networks, in video distribution to the home, and in multi-screen delivery of live channels and VOD, also known as Over-The-Top video. The company addresses compression applications ranging from Ultra High Definition TV and 3D to Web and mobile streaming. The Company offers a range of products divided into such group as Contribution Encoders, Broadcast Encoders, Transcoders, Integrated receiver decoders, Multiplexers and Network Management System.

Balyo SA

Balyo SA is a France-based company that designs robotic navigation solutions which are installed into forklifts and allow them to automatically transport pallets. The Company's apparatus is equipped with the guidance technology called Geoguidage. The Geoguidage system is installed in a module which is attached to the forklift, and allows the vehicle to calculate its position and memorize the layout of the warehouse. Its equipment allows detection of pallets, containers and dollies; stacking pallets; read barcode; towing loads; interactions with conveyors and doors, etc; scalable setting and automatic modes, among others. The Company's products are used in logistics and in industry.

Cegedim SA

Cegedim is a technology and services company. Co. supplies services, IT tools, specialized software, information flow and database management services to healthcare industries, pharmaceutical companies, healthcare professionals and insurance companies. Co.'s operations can be divided into three sectors: CRM and Strategic Data (optimizing marketing and sales strategies, namely through tools and databases for managing sales forces, returns on investment, market or prescriber studies); Healthcare Professionals (software publishing with availability of promotional information) and Insurance and Services (software publishing and management of healthcare reimbursement flows).

COIL

United Anodisers is engaged in the continuous surface treatment of aluminium flat rolled products and acts as a specialized surface treatment provision for the principal aluminium rolling mills and their end-user customers in Europe.

Derichebourg SA

Derichebourg provides services to businesses and to local and municipal authorities. Co. covers the entire waste recycling chain, from collection through to recuperation, as well as a range of services to businesses and to local and municipal authorities. Co.'s activities can be divided into three segments: Environmental Services segment which is engaged in the processing and disposal of waste and of end-of-life products; Business Services segment which offers a range of front end services (reception, cleaning, energy, parks and gardens maintenance, temporary workers) and Airport Services segment which provides outsourced airport services like services for stopover management and airfreight.

Gaztransport & Technigaz SA

Gaztransport & Technigaz is an engineering company specialized in membrane containment systems for liquefied gas transport and storage. Co. designs and markets technologies which combine operational efficiency and safety to equip liquefied natural gas (LNG) carriers, LNG floating platforms and multi-gas transport vessels. Co. also provides solutions for onshore storage tanks and the use of LNG as a fuel for vessels propulsion as well as a wide range of services in engineering, consultancy, training, maintenance assistance and technical studies at each stage of the liquefied gas chain.

Kaufman & Broad SA

Kaufman & Broad SA is a France-based property developer and builder. The Company is principally engaged in the development of single family homes and apartments, commercial real estate activity, as well as the provision of residence services for business tourists and students. The Company is involved in all stages of implementation of a development program, land research to commercialization of housing through project design, the filing of a building permit and after-sales service. The Company has operations in numerous cities in France, such as Bayonne, Bordeaux, Grenoble, Lille, Lyon, Marseille, Montpellier, Nantes, Nice, Paris, Rouen, Strasbourg, Toulon and Toulouse, among others. Furthermore, the Company provides construction of logistics platforms and warehouses. It is also operational through a number of subsidiaries, including Kaufman & Broad Pyrenees-Atlantiques, Kaufman & Broad Homes SAS, SM2I and Residences Bernard Teillaud SARL, among others.

Manitou BF SA

Manitou BF is active on the global market for material handling. Co. divides its activities into three divisions: Rough Terrain Handling (RTH) where Co. assembles and distributes rough terrain handling equipment such as masted forklift trucks and fixed and rotating telescopic forklift trucks; Industrial Material Handling (IMH) where Co. designs and distributes semi-industrial masted forklift trucks; industrial forklift trucks; truck-mounted forklifts; and Compact Equipment (CE) where Co. designs, assembles and distributes skid steer loaders, telescopic forklift trucks, articulated loaders and mini excavators. Co.'s brands include Manitou®, Gehl®, Mustang®, Loc®, Edge®.

Mersen SA

Mersen produces materials and electrical components intended for alternative energies, chemicals and pharmaceuticals, rail transportation, electronics and process industries. Co. divides its operations into two segments: Advanced Materials and Technologies (AMT - Materials), and Electrical Components and Technologies (ECT - Electrical). In addition, Co. produces four types of products: Electrical Applications, Electrical Protection, High-Temperature Applications, and Anticorrosion Equipment. Co. also caters to the process industries, supporting their transition towards greater energy efficiency and boasts an efficient manufacturing base with plants employing the very latest technologies.

SES-imagotag SA

Ses Imagotag SA Formerly known as Ses-Imagotag SA. Ses Imagotag SA is a France-based company, which designs and markets electronic shelf labeling systems for food and non-food retail industries. The Company's solutions include store electronic systems (SES), electronic labels, software, radio and mounting systems. The Company's solutions are designed for every type of retail environment, including hypermarkets, supermarkets, electronics stores, garden centers, pharmacies and service stations. The Company's products are distributed in approximately 50 countries worldwide. Ses Imagotag SA's main clients include Intermarche, E. Leclerc, Monoprix, Groupe Casino, Carrefour and Auchan. The Company has a global presence, through its own subsidiaries and representations, in Italy, Spain, the United Kingdom, Scandinavia, Canada, Mexico and Singapore, as well as more than 60 international partners. It operates through imagotag GmbH, a manufacturer of electronic components.

Wavestone

SoluCom is a management and IT consulting company. Co.'s consulting services are divided into six main areas of expertise: Strategy and management (supporting company in its customer development strategy); IT Transformation (bringing the IT systems in line with corporate strategy and business requirements); IT Governance (improving both economic and operational performance); Telecoms and innovation (providing value through new communication services); IT Architecture (offering a service-oriented approach); Security and risk management (managing risks and keeping IT compliant with regulations).

Provider
Portzamparc Sponsored
Portzamparc Sponsored

​Portzamparc is a subsidary of BNP Paribas which adapted the mission to contribute to responsible and sustainable growth of private clients, management companies and SMEs . They offer personalized support adapted to the objectives in particular for Small and Medium-Sized Enterprises.

Analysts
Arnaud Despre

Augustin Socié

Gaetan Calabro

Maxence Dhoury

Mohamed Kaabouni

Nicolas Montel

Nicolas Royot

Yann de Peyrelongue

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