reports
SGS AG: 1 director
A director at SGS AG sold 2,300 shares at 88.108CHF and the significance rating of the trade was 66/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing C...
- MarketLine Department
Z Energy Limited - Mergers & Acquisitions (M&A), Partnerships & Allian...
Summary Marketline's Z Energy Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Z Energy Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments...
- Jerôme Bodin
BN DANONE SA
KNEBV KONE OYJ CLASS B
MC LVMH MOET HENNESSY LOUIS VUITTON SE
PUM PUMA SE
VOLV B VOLVO AB CLASS B
SSAB A SSAB AB CLASS A
RCO REMY COINTREAU SA
SGSN SGS SA
SCR SCOR SE
DEC JCDECAUX SA
NOKIA NOKIA OYJ
HEI HEIDELBERGCEMENT AG
AIR AIRBUS SE
HM B H&M HENNES & MAURITZ AB CLASS B
LIGHT SIGNIFY NV
ENG ENAGAS SA
SAP SAP SE
UN01 UNIPER SE
STM STMICROELECTRONICS NV
WDP WAREHOUSES DE PAUW SCA
- Jerôme Bodin
BN DANONE SA
KNEBV KONE OYJ CLASS B
MC LVMH MOET HENNESSY LOUIS VUITTON SE
PUM PUMA SE
VOLV B VOLVO AB CLASS B
SSAB A SSAB AB CLASS A
RCO REMY COINTREAU SA
SGSN SGS SA
SCR SCOR SE
DEC JCDECAUX SA
NOKIA NOKIA OYJ
HEI HEIDELBERGCEMENT AG
AIR AIRBUS SE
HM B H&M HENNES & MAURITZ AB CLASS B
LIGHT SIGNIFY NV
ENG ENAGAS SA
SAP SAP SE
UN01 UNIPER SE
STM STMICROELECTRONICS NV
WDP WAREHOUSES DE PAUW SCA
- Geoffroy Michalet
SGS : Feedback confcall : principaux éléments et nouvelles estimations...
>Nos attentes et celles du CSS ajustées à la marge en hausse - Le groupe indique avoir enregistré une accélération de la croissance organique à c. 3.8% en novembre -décembre en 2022 (avec 5.0% hors effet de la chine) après une croissance de 6.9% en juillet-Octobre avec une croissance solide en Asie à 6.0% et en Amériques à 10.2% sur l’année.Globalement, les fondamentaux nous paraissent bien orientés dans l’ensemble du groupe en termes de croissance organique mais...
- Geoffroy Michalet
SGS : Feedback from conference call: key takeaways and new estimates f...
>Our estimates and consensus expectations raised on the margin front - The group reported an acceleration in organic growth to around 3.8% in November-December 2022 (with 5% excluding the China effect) after growth of 6.9% in July-October with solid growth in Asia at 6% and the Americas at 10.2% over the year.Overall, the fundamentals appear to be in good shape for the group as a whole in terms of organic growth, but certain factors should weigh on growth in the ...
- Jerôme Bodin
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/01/2023
Il y a 11 mois, la Russie envahissait l’Ukraine. Quelques semaines plus tard, l’UE décidait de cesser tout approvisionnement en gaz russe le plus rapidement possible. Avec REPowerEU, elle engageait une baisse structurelle de sa consommation de gaz… mais un recours accru au GNL. Les compagnies pétrolières (Shell & TotalEnergies) et les sociétés de services (TechnipEnergies, GTT et Vopak) pourraient investir dans des infrastructures bientôt « actifs échoués » ou qui provoqueraient un « ...
- Jerôme Bodin
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/26/2023
11 months ago, Russia invaded Ukraine. Several weeks later, the EU decided to stop all of its gas supplies from Russia as quickly as possible. With the REPowerEU plan, it committed to structurally reduce its gas supply... but increase its use of LNG. Oil companies (Shell & TotalEnergies) and services companies (TechnipEnergies, GTT and Vopak) could invest in soon-to-be stranded assets or assets that could cause a carbon lock-in. This new rush to LNG could then jeopardize the EU's clim...
GET GETLINK SE
ADS ADIDAS AG
KPN ROYAL KPN NV
VOLV B VOLVO AB CLASS B
SGSN SGS SA
SRT3 SARTORIUS AG PREF
DEMANT DEMANT A/S
NOKIA NOKIA OYJ
EL ESSILORLUXOTTICA SA
VIV VIVENDI SE
RWE RWE AG
EZJ EASYJET PLC
COFB COFINIMMO SA
SOI SOITEC SA
AED AEDIFICA SA
CPINV CARE PROPERTY INVEST SA
ASML ASML HOLDING NV
STM STMICROELECTRONICS NV
- Geoffroy Michalet
SGS : Pas de surprise pour 2022 – Guidance 2023 encore qualitative
>Publication en ligne avec nos attentes sur la topline - Le groupe a communiqué ce matin ses résultats annuels. Le CA ressort à 6 642 MCHF (ODDO BHF 6 683 MCHF, CSS 6 718 MCHF) en hausse de 3.7% yoy dont -3.1% d’effet changes et 1.0% d’effetpérimètre. La croissance organique est ressortie en ligne avec nos attentes à 5.8% (ODDO BHF5.9%) et légèrement inférieure à celle du consensus 6.3%, impliquant une légère accélération au S2 à 5.9% en organique (v...
- Jean-Baptiste Rouphael
- Michael B. Schäfer
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/22/2022
MSCI ESG Research recently put Volkswagen back on its “red” list. The reason: a (small) factory in Chinese Xinjiang that allegedly uses forced labour. This factory is not operated by the company, but produces VW-badged vehicles. No institution has legally proven the existence of forced labour in this factory. However, there is evidence that might suggest it. This uncertainty confirms our Not-recommended ESG Opinion on VW. Note that we include a governance and holding company discount ...
- Jean-Baptiste Rouphael
- Michael B. Schäfer
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/11/2022
MSCI ESG Research a récemment replacé Volkswagen dans sa liste « rouge ». En cause : une (petite) usine dans le Xinjiang chinois qui aurait recours à du travail forcé. Cette usine n’est pas opérée par la société, mais produit des véhicules badgés VW. Aucune institution n’y a légalement prouvé l’existence de travail forcé. Cependant, un faisceau d’indices pourrait le suggérer. Cette incertitude confirme notre opinion ESG Non-recommandée sur VW. Notons que nous intégrons une décote de g...
- Geoffroy Michalet
SGS : Feedback from the CMD – some restructuring in the short term no ...
>Main growth drivers for the medium term - SGS organised a CMD at its headquarters in Istanbul on 18 and 19 November. The programme included a visit to its laboratories followed by an update from management on its growth strategy. The group confirmed its medium-term targets with digitalisation and sustainability as two major growth drivers. As such, the group continues to push its ESG development plan and aims to generate some 50% of its revenue from services linked...
- Geoffroy Michalet
SGS : Feedback CMD – un peu de restructuration à CT mais pas encore de...
>Principaux catalyseurs de croissance à MT - Les 18 et 19 novembre derniers, SGS a organisé son CMD à son siège à Istanbul. Le programme comprenait une visite de ses laboratoires suivie d’un update du management sur sa stratégie de croissance. Le groupe a confirmé ses objectifs à moyen terme avec la digitalisation et la durabilité comme catalyseurs principaux de croissance. Il continue ainsi de pousser son plan de développement ESG et prévoit de générer plus de 50% ...
- Ahmed Ben Salem
- Bruno Cavalier
- Emira Sagaama
- Gerardo Ibanez
- Marc Lavaud
- Michael Foundoukidis
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
SGSN SGS SA
UTDI UNITED INTERNET AG
ALO ALSTOM SA
ENI ENI S.P.A.
HEI HEIDELBERGCEMENT AG
REP REPSOL SA
COFB COFINIMMO SA
AED AEDIFICA SA
CPINV CARE PROPERTY INVEST SA
BP. BP P.L.C.
PRX PROSUS N.V. CLASS N
ENR SIEMENS ENERGY AG
SHEL SHELL PLC
- Geoffroy Michalet
SGS : Trading update (warning) ahead of CMD
>Profit warning on margin guidance - SGS this morning issued a press release ahead of its CMD which is scheduled for 18-19 November in Istanbul. The group does not usually report quarterly or four-monthly revenues, but only on a half-year basis. Over the first ten months of the year, organic growth came in at 6.2% with 6.9% in July-October, driven by strong momentum in Asia and the Americas and a recovery in operations in China after the health restrictions in H1.§rch...
- Ahmed Ben Salem
- Bruno Cavalier
- Emira Sagaama
- Marc Lavaud
- Michael Foundoukidis
- Geoffroy Michalet
SGS : Trading update (warning) avant son CMD
>Profit warning sur la guidance de marge - SGS vient de publier ce matin un communiqué de presse en amont de son CMD qui aura lieu le 18 -19 novembre à Istanbul. Le groupe ne publie traditionnellement pas de CA trimestriel ou quadrimestriel mais seulement semestriel. Sur les 10 premiers mois de l’année, la croissance organique est ressortie en hausse de 6.2% dont 6.9% en juillet-octobre portée par une forte dynamique en Asie, en Amérique et un rebond des opérations en...
- Christophe Chaput
- Geoffroy Michalet
ODDO : Des opportunités demeurent au sein du segment des Services aux ...
Au sein de notre échantillon de valeurs « Consommation et Services aux entreprises », nous privilégions les business models les plus résilients pour compenser l’inflation, qu’elle soit salariale ou énergétique. Spie, ALD, Téléperformance, Intertek ou Elis nous semblent les mieux positionnés pour maintenir une croissance organique soutenue et atténuer les pressions inflationnistes sur leur profitabilité. A contrario, nous abaissons nos recommandations sur Bureau Veritas, Fnac Dart...
BVI BUREAU VERITAS SA
SK SEB SA
NXI NEXITY SA CLASS A
SGSN SGS SA
BEN BENETEAU SA
TEP TELEPERFORMANCE SE
ITRK INTERTEK GROUP PLC
KOF KAUFMAN & BROAD SA
FNAC FNAC DARTY SA
GLO GL EVENTS SA
TRI TRIGANO SA
BB SOCIETE BIC SA
ELIS ELIS SA
ASS APPLUS SERVICES S.A.
SPIE SPIE SA
ALD ALD SA
MDM MAISONS DU MONDE SA
SMCP SMCP SA
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
- Christophe Chaput
- Geoffroy Michalet
ODDO : Business Services unit still offers opportunities but remains v...
Within our sample of consumer goods and business services stocks, we favour the most resilient business models to offset wage and energy inflation. Spie, ALD, Téléperformance, Intertek and Elis seem to us to be the best positioned to maintain strong organic growth and mitigate inflationary pressure on their profitability. Conversely, we downgrade our rating on Bureau Veritas, Fnac Darty, SMCP, Nexity and Kaufman & Broad. - >Recommendation and target price adjustments - §...
BVI BUREAU VERITAS SA
SK SEB SA
NXI NEXITY SA CLASS A
SGSN SGS SA
BEN BENETEAU SA
TEP TELEPERFORMANCE SE
ITRK INTERTEK GROUP PLC
KOF KAUFMAN & BROAD SA
FNAC FNAC DARTY SA
GLO GL EVENTS SA
TRI TRIGANO SA
BB SOCIETE BIC SA
ELIS ELIS SA
ASS APPLUS SERVICES S.A.
SPIE SPIE SA
ALD ALD SA
MDM MAISONS DU MONDE SA
SMCP SMCP SA
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
- Christophe Chaput
- Geoffroy Michalet
ODDO : Business Services unit still offers opportunities but remains v...
Within our sample of consumer goods and business services stocks, we favour the most resilient business models to offset wage and energy inflation. Spie, ALD, Téléperformance, Intertek and Elis seem to us to be the best positioned to maintain strong organic growth and mitigate inflationary pressure on their profitability. Conversely, we downgrade our rating on Bureau Veritas, Fnac Darty, SMCP, Nexity and Kaufman & Broad. - >Recommendation and target price adjustments - §...
BVI BUREAU VERITAS SA
SK SEB SA
NXI NEXITY SA CLASS A
SGSN SGS SA
BEN BENETEAU SA
TEP TELEPERFORMANCE SE
ITRK INTERTEK GROUP PLC
KOF KAUFMAN & BROAD SA
FNAC FNAC DARTY SA
GLO GL EVENTS SA
TRI TRIGANO SA
BB SOCIETE BIC SA
ELIS ELIS SA
ASS APPLUS SERVICES S.A.
SPIE SPIE SA
ALD ALD SA
MDM MAISONS DU MONDE SA
SMCP SMCP SA
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
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