ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 10/15/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 15/10/2025

Airbus Group : Q3 preview – A solid quarter that lends credibility to ...

Airbus Group : Preview T3 2025 – Un solide trimestre qui crédibilise l...

ODDO : Mémoire : Et si nous étions à l’aube d’un ‘supercycle’ ?

Les prix de la mémoire ont progressé de 15% sur un mois et de ~30% YTD. Cela reflète une forte tension sur l’offre alors que la demande IA est plus élevée qu’attendu. Les stocks de mémoires sont, par ailleurs, au plus bas, ouvrant la voie en 2026 à un supercycle, tiré par l’IA mais aussi par l’intégration de l’Edge AI dans les smartphones/PC. Un marché des semis à ~+15/20% en 2026 est crédible dans ce contexte. Dans notre couverture, cela devrait d’abord bénéficier à ASML, VAT, Siltronic, ASMi e...

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 10/13/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 13/10/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 10/13/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 13/10/2025

ODDO : Memory: What if we were on the eve of a super cycle?

Memory prices have risen by 15% m-o-m and by ~30% since the start of 2025. This reflects a tight supply situation, with demand for AI stronger than expected. Memory inventories are also at an all-time low, paving the way for a super cycle in 2026, driven by AI but also by the integration of Edge AI in smartphones/PCs. A semis market at ~+15-20% in 2026 is a credible scenario in this context. In our coverage, this should first benefit ASML, VAT, Siltronic, ASMi and SUSS (Outperform vs Neutral), f...

INFORME DIARIO 09 OCTUBRE + RDOS. EUROPA 3T’25. IDEAS DESTACADAS Y PRE...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: INDRA, REPSOL. EUROPA: AIRBUS. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 3T’25 que se publicarán en España y Europa en los próximos días. Europa vuelve al verde Rebote en las bolsas europeas, que las acercan a los máximos de la semana pasada (zona de resistencia 5.650 Euro STOXX 50) mientras el Ibex 3...

Moody's Ratings corrects the website display for certain Airbus SE's n...

Moody's Ratings (Moody's) has corrected the display on its websites for Airbus SE's ISINs XS1410582313, XS1410582586, XS1128224703 and XS1050846507 to reflect that these notes are not backed. Due to an internal administrative error, these notes were incorrectly identified as backed. This correction ...

TotalEnergies : Sustainability Weekly 15-19 September 2025

Last week, we published a flash note on the latest IEA study on oil and gas field declines. The UN published a report recommending that its member states take legal action against companies involved in the genocide in Gaza. Eurosif, EFAMA and PRI are calling for the establishment of a credible voluntary standard for sustainability reporting for small and mid-cap companies. Norges Bank announced the exclusion of Eramet due to an ‘unacceptable risk that the company contributes to or is responsible...

TotalEnergies : Sustainability Weekly 15 – 19 septembre 2025

La semaine dernière, nous avons publié un flash portant sur la dernière étude de l’AIE sur les déclins des champs pétroliers & gaziers. L’ONU a publié un rapport recommandant à ses Etats membres d’engager des actions en justice contre les entreprises impliquées dans le génocide à Gaza. Eurosif, EFAMA et PRI appellent à la mise en place d'une norme volontaire crédible en matière de reporting sur le développement durable pour les petites et moyennes capitalisations. La Norges Bank a annoncé l'excl...

Moody's Ratings upgrades Airbus' rating to A1; stable outlook

Moody's Ratings (Moody's) has today upgraded Airbus SE's (Airbus) senior unsecured and backed senior unsecured ratings to A1 from A2, its senior unsecured MTN program rating to (P)A1 from (P)A2 and its Baseline Credit Assessment (BCA) to a2 from a3. Concurrently, we affirmed the company's P-1 short ...

Airbus SE: 1 director

A director at Airbus SE sold 2,420 shares at 187.060EUR and the significance rating of the trade was 85/100. 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 showi...

The Tech Infrastructure Quarterly Bible 2Q25

We publish today our comprehensive quarterly bible: 229 pages of detailed analyses on what happened in the last 3 months, and how we interpret it, in light of our current convictions. The first section acts as a PM summary, outlining our key findings, and latest thoughts on the semi cycle, in 6 slides. Please follow the link below for more details.

Bible 2Q25 - Smartphones: 2025 weak and front-loaded. Increasing conce...

Dear all, ​​ Today, we are publishing the Smartphones section of our 28th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Automotive, Memory, Hyperscale & Cloud, Telecom Equipment, Industrials, PCs, Enterprise IT, Ride sharing & Delivery, Foundry, and Semicap Equ...

INFORME DIARIO 08 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ENAGÁS. EUROPA: AIRBUS, MUNICH RE. Bolsas rumbo a máximos Jornada de números verdes en las bolsas europeas, que dispararon sus ganancias por encima del 1,3% a pesar de la entrada en vigor de los aranceles. El Ibex pese a estar a la cola de Europa, amplió su racha y sus máximos. Así, en el STOXX 600 todos los sectores menos Energía, Telecos y Utilities terminaron con ganancias, lideradas por Viajes&Ocio y Químicas. Por el lado macro, en R. Unido el B...

AI capex & replatforming; semicap into 2026; Apple, Arm & more.

As always, during earnings season, we wrap-up what happened in the previous week. For our main takes summarized on a single slide, and a few words on each of the 34 names we followed last week, follow the link below.