reports
- Oscar Rodriguez
- Oscar Rodriguez
- Research Department
IBERIAN DAILY 02 MAY + 1Q’24 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS ...
NEWS SUMMARY: AENA, ARCELORMITTAL, METROVACESA, REDEIA. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 1Q’24 results to be released over the coming days in Spain. Ibex falls back below 11,000 points European stock markets posted losses ahead of the Fed meeting, where the IBEX was once again the worst performer. Within the STOXX 600 sectors, the biggest gains came in Real Esta...
- Research Department
INFORME DIARIO 02 MAYO + RDOS. ESPAÑA Y EUROPA 1T’24. IDEAS DESTACADAS...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AENA, ARCELORMITTAL, METROVACESA, REDEIA. EUROPA: AIRBUS, ING. 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. 1T’24 que se publicarán en España y Europa en los próximos días. El Ibex pierde otra vez los 11.000 puntos Jornada de caídas en las bolsas europeas previo a la reunión de la Fed donde el Ibex volvió...
- Research Department
INFORME DIARIO 26 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’24. IDEAS DESTACADA...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, ACCIONA ENERGÍA, CAF, CELLNEX, IBERDROLA, FERROVIAL, ROVI. EUROPA: AIRBUS, DEUTSCHE TELEKOM, SAFRAN, VINCI. 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. 1T’24 que se publicarán en España y Europa en los próximos días. Los resultados y la macro lastran las bolsas Tras tres días de ganancias, los r...
- Carole Braudeau
- Carole Braudeau
- Research Department
IBERIAN DAILY 08 APRIL (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ACCIONA, ELECTRICITY SECTOR, NATURGY. Geopolitical risk and US macro condition risk assets The end of the week was conditioned by a movement of risk aversion due to the rising tensions between Israel and Iran although at the end of the week, the EuroSTOXX 50 managed to moderate drops to slightly more than -1%, with the IBEX slid -1.5%. Last week drops were moderate although the DAX/CAC slid -0.6%. Within the STOXX 600 sectors, Energy and Basic Materials led the weekly gains, with ...
- Research Department
INFORME DIARIO 08 ABRIL (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, NATURGY, SECTOR ELÉCTRICO. El riesgo geopolítico y la macro americana condiciona los activos de riesgo El final de la semana se vio condicionado por un movimiento de aversión al riesgo ante el incremento de las tensiones entre Israel-Irán, aunque hacia el final de la sesión el Euro Stoxx 50 logró moderar las caídas hasta poco más de un -1,0% y el Ibex 35 se dejó un -1,5%. En la semana las caídas terminaron siendo muy modestas aunque destac...
- Research Department
IBERIAN DAILY 05 APRIL (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ACCIONA, FERROVIAL, GRIFOLS, SACYR, TALGO, UNICAJA. Consolidating levels Positive session on both sides of the Atlantic, with macro data continuing to improve and with the IBEX standing out in Europe, closing on the verge of 11,100 points. Meanwhile, in the STOXX 600, Basic Materials and Autos led the gains, with Chemicals and Media ending with the biggest losses. On the macro side, in the euro zone the final services PMI was raised unexpectedly and the composite rallied to 50.3 (...
- Research Department
INFORME DIARIO 05 ABRIL (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, FERROVIAL, GRIFOLS, SACYR, TALGO, UNICAJA. EUROPA: AIRBUS. Consolidación de niveles Jornada positiva a ambos lados del Atlántico con unos datos macro que siguen mejorando y con el Ibex sobresaliendo en Europa cerrando al borde de los 11.100 puntos. Mientras, en el STOXX 600 R. Básicos y Autos lideraron las ganancias frente a Químicas y Media que acabaron con las mayores pérdidas. Por el lado macro, en la Eurozona el PMI final de servicios ...
- Michael B. Schäfer
ODDO : Glass half full – Volume recovery started after almost 2 years ...
As Spring approaches, we see industry-wide destocking coming to an end, emerging recovery trends in China gaining momentum and European spot energy cost relief rolling in, all helping to restore plant utilisation and earnings. We add more cyclicality to our preferred names, upgrading BASF to Outperform (Neutral). Momentum being regained in specialties chemicals distribution triggers our upgrade of IMCD to Outperform (Neutral). ‘From record to record’ remains our mantra at FUCHS. ...
1COV COVESTRO AG
AI AIR LIQUIDE SA
WCH WACKER CHEMIE AG
LXS LANXESS AG
SDF K+S AG
BAS BASF SE
SOLB SOLVAY SA
BAYN BAYER AG
SY1 SYMRISE AG
KWS KWS SAAT SE & CO KGAA
EVK EVONIK INDUSTRIES AG
BNR BRENNTAG SE
INX IMCD N.V.
2HRA H&R GMBH & CO KGAA
AKZA AKZO NOBEL N.V.
FPE3 FUCHS PETROLUB SE
AZE AZELIS GROUP NV
LIN LINDE PUBLIC LIMITED COMPANY
DSFIR KONINKLIJKE DSM N.V.
SYENS SYENSQO
ArcelorMittal: 1 director
A director at ArcelorMittal sold 8,456 shares at 24.243EUR and the significance rating of the trade was 65/100. 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 sh...
- Ahmed Ben Salem
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/19/2024
With momentum around electrification less favourable of late, we have seen a major shift in perception, from doubtless overly rose-tinted optimism to what looks to be similarly excessive pessimism. While we have reduced our BEV assumptions, we nonetheless still anticipate growth in the next few years (including this year), well ahead of that of the automotive market as a whole. In the face of these changes, the players in the value chain (mines, semiconductors, auto) are differently p...
- Ahmed Ben Salem
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/03/2024
Le momentum autour de l’électrification, moins favorable dernièrement, a conduit à un changement profond de perception, passant d’un optimisme sans doute excessif à un pessimisme qui le semble tout autant. En effet, si nous avons revu en baisse nos hypothèses, nous visons néanmoins toujours une croissance dans les années à venir (y compris cette année), bien supérieure à celle du marché automobile dans son ensemble. Face à ces changements, tous les acteurs au sein de la chaîne de vale...
- Michael B. Schäfer
- Stephan Wulf
Bayer : Low valuation remains justified given ongoing uncertainties
>CMD did not deliver what many investors had hoped for - In recent months, many hopes were pinned on the CMD on 5 March, which was expected to provide more clarity on Bayer's strategic direction. In particular, how to tackle the high level of debt that currently limits financial flexibility, e.g. to invest in the weakening pharma pipeline. At the same time, hopes for a major strategic move, such as the separation of the Consumer Health (CH) division, had already faded...
- Carole Braudeau
Credit Morning 03/15/2024
Elis: new bond issue maturing in 2030Ageas: BNP is said to weigh purchase of Fosun’s Ageas stakeVodafone reaches an agreement to sell Vodafone Italy to Swisscom for € 2bn in cashTHOM: resilient Q1 results without any major surprise after the figures released as part of the issuance.>...
- Carole Braudeau
Morning Crédit 15/03/2024
Elis : émission d’une nouvelle obligation à échéance 2030Ageas : BNP considérerait la reprise de la participation de 10% de Fosun au capital d’AgeasVodafone annonce un accord de cession de Vodafone Italie à Swisscom pour 8 mds EUR en cashTHOM : des résultats T1 résilients mais sans surprise après les chiffres communiqués dans le cadre de l’émission>...
- Carole Braudeau
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