ODDO BHF Small & MIDCAP MORNING NEWS – 25/11/2024

Lar España : Q3 2024: wait and see

LAR ESPAÑA: RDOS. 9MESES’24 (ANÁLISIS BANCO SABADELL)

Rdos. 9meses'24 vs 9meses'23: Ingresos comparables recurrentes: 74 M euros (+4%); BDI recurrente: 56,8 M euros (+17%). Publicó un escueto Trading Update de los 9meses’24 donde muestra unas cifras de ingresos comparables recurrentes y BDI totalmente alineados con lo que esperamos para todo el ejercicio. Los ingresos comparables recurrentes crecieron un +4%, entendemos que por indexación, mejora de ocupación y subida de precios en las renovaciones. La ocupación al cierre de septiembre aumentó +8...

Endesa S.A.: 1 director

A director at Endesa S.A. bought 62,649 shares at 19.856EUR and the significance rating of the trade was 100/100. 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 ...

ODDO BHF Small & MIDCAP MORNING NEWS - 11/20/2024

Efforts to revitalise the five brands that make up the Lanvin Group are under way and should pay off in the medium term. However, at this stage of development (critical mass not yet achieved for some brands, negative profitability and cash burn) and in a consumer environment that does not yet point to a rebound, we prefer to remain cautious on the share. We are initiating coverage with a Neutral rating, with a target price of $ 1.80, based on a DCF valuation. - ...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/20/2024

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ODDO BHF Small & MIDCAP MORNING NEWS - 20/11/2024

Les efforts de redynamisation sont en cours pour les 5 marques qui constituent Lanvin Group et devraient porter leurs fruits à moyen terme. Toutefois, à ce stade de développement (taille critique encore non atteinte sur certaines marques, rentabilité négative et consommation de cash) et dans un environnement de consommation n’indiquant pas encore de rebond, nous préférons rester encore prudents sur le titre. Nous initions à Neutre, avec un OC à 1.8 $ résultant d’une valorisation par D...

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/11/2024

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IBERIAN DAILY 20 NOVEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: CAIXABANK, ENDESA, GRIFOLS, POSSIBLE TAX CHANGES, TALGO. Russia shakes markets The threat of using nuclear weapons by Russia after Ukraine used its long-range missiles on Russian territory led to corrections in European stock markets that eased throughout the session after the Foreign Minister S. Lavrov stressed that Russia does not wish nor expect a nuclear war. Thus, in the STOXX 600, Real Estate and Pharma were the only sectors ending with gains vs. Banks and Automobiles that ...

INFORME DIARIO 20 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAIXABANK, GRIFOLS, IMPUESTOS ESPAÑA, TALGO. EUROPA: NOKIA. Rusia agita los mercados La amenaza de uso de armas nucleares por parte de Rusia después de que Ucrania utilizase sus misiles de largo alcance sobre territorio ruso deparó una sesión de caídas en Europa, que fueron moderándose a lo largo de la sesión después de que el ministro de exteriores ruso S. Lavrov remarcase que el país no desea ni espera una guerra nuclear. Así, dentro del STOXX 600...

ODDO : ABI data (November 2024): trends confirmed

>Update on the macroeconomic and banking situation in Italy - The latest data from the Italian Banking Association (ABI), covering October 2024 confirms the recent trend, with an overall situation confirming its relative resilience in view of the recent indications (GDP, industrial production, confidence climate, etc.) and given uncertainties on the short to medium term. Lending activity confirmed signs of an improvement YTD (notably with regard to households) – ...

Endesa : More dividends, slightly more limited growth but financial fl...

>Outperform recommendation and TP of € 25.30 unchanged - The revision to 2027 of Endesa's strategic plan, based on a trajectory of resilience and maintaining financial flexibility, like its parent company Enel, leads us to adjust our 2024 estimates upwards (+4.5%), marginally upwards by 0.5% in 2025 and downwards by -6.5% in 2026. The balancing of the investment programme between resilient network activities and generation activities is in line with the sector profile...

Endesa : Plus de dividendes, un peu moins de croissance mais de la fle...

>Opinion Surperformance et OC 25.3 € inchangés - La révision à 2027 du plan stratégique d’Endesa, sur la base d’une trajectoire de résilience et de maintien de la flexibilité financière, comme sa maison mère Enel, nous amène à ajuster en hausse notre BPA 2024e (+4.5%) et plus marginalement le BPA 2025e mais à réduire notre BPA 2026e de 6.5%. L’équilibre du programme d’investissements entre les activités résilientes de réseaux et celles de génération correspond au prof...

ODDO : Statistiques ABI (Nov 2024) : tendances confirmées

>Point sur la situation macroéconomique & bancaire en Italie - Les dernières données de l’Association Bancaire Italienne (ABI), couvrant octobre 2024, confirment la tendance récente, avec une situation globale confirmant sa relative résilience au regard des indicateurs récents (PIB, production industrielle, climat de confiance…) et compte tenu des incertitudes à CMT. L’activité de crédit confirme les signes d’amélioration YTD (notamment auprès des ménages) – elle...

ENDESA: MENSAJES DE LA CONFERENCE CALL DEL PLAN ESTRATÉGICO 2025-2027 ...

De la conference call de la actualización del Plan Estratégico 2025-2027 destacamos: Redes: En el plan han considerado una mejora del marco regulatorio

ENDESA: ACTUALIZACIÓN ESTRATÉGICA 2025-2027 (ANÁLISIS BANCO SABADELL)

ELE, en su actualización estratégica 2025-27, plantea unos objetivos ambiciosos en EBITDA/BDI

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/19/2024

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ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/11/2024

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Endesa : Strategic plan update, flattening of the growth curve

>2024-2027 strategic update flattens the growth trend from one year - The update on the strategic plan has just been issued. As expected, this is not a breaking news plan but, as is the case at its parent company, a focus on dividend growth. The planned investments of € 9.6bn (+8% vs previous plan) are more or less balanced between the grid activity (42%) and new renewable capacity (39%) with the aim of adding 3 GW of capacity, and almost € 0.9bn to customers. 2024-20...

Endesa : Strategic plan update, flattening of the growth curve

>2024-2027 strategic update flattens the growth trend from one year - The update on the strategic plan has just been issued. As expected, this is not a breaking news plan but, as is the case at its parent company, a focus on dividend growth. The planned investments of € 9.6bn (+8% vs previous plan) are more or less balanced between the grid activity (42%) and new renewable capacity (39%) with the aim of adding 3 GW of capacity, and almost € 0.9bn to customers. 2024-20...