ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/19/2024

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ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/09/2024

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IBERIAN DAILY 19 SEPTEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: LAR ESPAÑA, TELEFÓNICA. The Fed cut rates by 50bps in the end It was a transition session with slight corrections for European stock markets that put an end to the Ibex’s rally that led it to return to 2015 highs. Thus, in the STOXX 600 Automobiles and Energy were the only sector avoiding drops, which were led by Media, Food and Consumer Goods. On the macro side, in the euro zone, August’s final monthly inflation was cut by one tenth to 0.1% (with the YoY data unchanged at 2.2%). ...

Accor : RevPAR France at +28% in August, lifted by Olympics. Demand ho...

>RevPAR France at +28% in August, lifted by Paris Olympics - RevPAR France saw growth of 27.5% in August 2024, according to preliminary data from MKG, with an increase of 1.7pt in occupancy rates and +24% for prices, and after RevPAR growth of +9.2% in July. By region, y-o-y RevPAR growth was driven, unsurprisingly, by the Paris Olympics, with RevPAR up +59% on the month (+60% of price growth) and the Paris region also benefiting (RevPAR growth at +90%). The regions a...

INFORME DIARIO 19 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: LAR ESPAÑA, TELEFÓNICA. EUROPA: BASF, DEUTSCHE TELEKOM, UNICREDIT. Finalmente la Fed se decanta por los 50 puntos de recorte Sesión de transición con leves caídas en las bolsas europeas, que cortó la racha alcista en el Ibex que le llevó a renovar máximos de 2015. Así, en el STOXX 600 tan sólo Autos y Energía esquivaron las caídas que estuvieron lideradas por Media, Alimentación y B. de Consumo. Por el lado macro, en la Eurozona la inflación mensual...

Accor : RevPAR France à +28% en août portés les JO. Pas d’essoufflemen...

>RevPAR France à +28% en août, portés par les Jeux Olympiques de Paris - Les RevPAR France sont en progression y-o-y de 27.5% en août 2024 selon les données préliminaires de MKG, dont une hausse de 1.7 pt des taux d’occupation et de 24% pour les prix, et après des RevPAR en hausse de 9.2% en juillet. Par région, la hausse y-o-y des RevPAR est tirée, sans surprise, par l’organisation des Jeux Olympiques à Paris, dont les RevPAR ont augmenté de 59% sur le mois (dont 60%...

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/09/2024

La prochaine acquisition de Campari pourrait être en Inde et intervenir rapidement, selon nous. Rapidement d’abord pour que le groupe puisse pleinement profiter du dynamisme de ce marché. Rapidement ensuite pour se prémunir du ralentissement actuel des liqueurs et apéritifs (L&A) en Europe, segment dont il est historiquement très dépendant. Malgré l’intérêt stratégique du marché indien, une telle opération de M&A pourrait se révéler risquée en s’ajoutant aux multiples défis opérationn...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/18/2024

Campari’s next acquisition might be in India and could materialise quickly, in our view. Speed is of the essence: first so that the group can take full advantage of the dynamic growth of this market; and second to guard against the current slowdown in liqueurs and aperitifs (L&A) in Europe, a segment on which it has historically been very reliant. Despite the strategic value that the Indian market offers, such an M&A deal could prove risky by adding to the multiple operational challen...

Credit Morning 09/18/2024

Nexans: Uncertainty over a major project seems to be over after the approval of the Cyprus government Cerba: Moody’s cuts the rating to Caa1/stable from B3/negative>...

Morning Crédit 18/09/2024

Nexans: Uncertainty over a major project seems to be over after the approval of the Cyprus government Cerba : Moody’s dégrade le rating de B3/négative à Caa1/stable>...

ODDO BHF Small & MIDCAP MORNING NEWS - 18/09/2024

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ODDO : Rumeurs de cessez-le-feu en Ukraine: attention au sociétés expo...

>Des rumeurs de cessez-le-feu en Ukraine qui se multiplient - Un article de Bloomberg a ravivé hier les rumeurs de discussions pouvant amener à une fin négociée du conflit en Ukraine. Sans citer de sources, les journalistes rapportaient que certains alliés commençaient à discuter de la manière dont le conflit pouvait se terminer et que la période entre les élections présidentielles américaines et l’investiture (entre novembre et janvier) pourrait offrir une fenêtre d’...

ODDO : Rumours of a ceasefire in Ukraine: watch out for groups exposed...

>Rumours of a ceasefire in Ukraine are multiplying - An article in Bloomberg yesterday revived rumours of talks aimed at negotiating an end to the conflict in Ukraine. Without citing any sources, journalists report that certain allies were beginning to discuss the manner in which the conflict could be brought to an end and that the period between the US presidential elections and investiture (between November and January) could offer a window of opportunity. Last Sund...

Elior Group: 1 director

A director at Elior Group bought 97,471 shares at 3.639EUR and the significance rating of the trade was 59/100. 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...

Credit Morning 09/17/2024

Suedzucker slashes FY 2024-25 projections Biogroup returns to positive EBITDA growth in Q2 2024 Playtech sells Snaitech for a very good price>...

Morning Crédit 17/09/2024

Suedzucker a revu sensiblement en baisse ses prévisions pour l’exercice 2024/25 Biogroup retrouve une croissance positive de l’EBITDA au T2 2024 Playtech se sépare de Snaitech à un très bon prix>...

Vodafone Group Plc: Update to credit analysis - Focus on debt repaymen...

Our credit view of Vodafone reflects its focus on leverage reduction and the ongoing portfolio optimisation, and also on the soft operating performance in the core German market.

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/16/2024

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ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/09/2024

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INVEST SECURITIES – WORDLINE : Un mal plus profond, Power24 pas suffis...