Summary Compagnie de Saint-Gobain - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Compagnie de Saint-Gobain (Saint-Gobain) is a construction and building product manufacturing company. Its portfolio of products includes various types of plastics, pipes and related products,...
Summary Kingfisher Plc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Kingfisher Plc (Kingfisher) is a retailer of home improvement products. It offers hand tools, heating and plumbing accessories, power tools, electrical and lighting accessories, bathroom and kitchen acce...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to a...
Item 2: Approve the Remuneration Report The structure is weighted more towards rewarding long-term performance. While there are concerns that the bonus performance metrics may not be sufficiently challenging, due to the high payout, the incentive pay is not much above guidelines.Item 3: Approve the Remuneration Policy The changes proposed to the Remuneration Policy make minor improvements to the policy. In addition, the structure of remuneration is considered acceptable, though we continue to ...
For the moment, 5G has generated more anxiety than real enthusiasm among investors. Our analysis suggests a smooth transition for capex, but that the incident with the spectrum auctions might weigh on sentiment. We favour the German market if the absence of a fourth player is confirmed on 26 November. Deutsche Telekom (Buy, target price € 17.7) is our Top Pick. Cf. sector report published last evening. - ...
La 5G génère pour l’heure plus d’anxiété qu’un réel engouement auprès des investisseurs. Notre analyse nous conduit à penser que la transition se fera en douceur sur les Capex mais que l’épisode des enchères de spectre risque de peser sur le sentiment. Nous privilégions l’Allemagne si le 26/11 confirme l'absence de 4e acteur. Deutsche Telekom (Achat, OC 17.7 €) est notre top pick. Cf.étude publiée hier soir. - ...
>Negative stock market impact - Figures down in September in both the residential and non-residential segments The slowdown in the residential segment, which was not in doubt, continues. The bad news stems from figures in non-residential, which confirm the decline observed in August, with new building starts now showing a decline over three months rolling, as is the case for building permits. Over twelve months rolling, new building starts in the non-residential segme...
>Impact boursier négatif - Chiffres en baisse en septembre à la fois dans le résidentiel et dans le non résidentiel. Le ralentissement dans le résidentiel, qui ne faisait pas de doute, continue. La mauvaise nouvelle provient des chiffres du non résidentiel, qui confirment le repli observé en août, avec des mises en chantier qui s’affichent désormais en baisse sur trois mois glissants, comme pour les permis de construire. Sur 12 mois glissants, les mises en chantier da...
>Q3 2018 results lower than forecast - Cemex has reported its Q3 2018 results. EBITDA clocked in at $Â 704m, -1,8% shy of the consensus ($Â 717m), up 2% l-f-l and stable vs Q3 2017. Sales in Q3 grew by 6% in real terms and 8% l-f-l ($ 3.748bn). FCF dropped by 19% in Q3 after 26% in Q2 (-22% over the first nine months).Highlights - Hikes in selling prices continuing in all divisions (in an attempt to offset the rise in energy costs) and volumes growth in...
>Résultats T3 2018 en dessous des attentes - Cemex a publié ses résultats du T3 2018. L’EBITDA ressort à 704 M$, soit -1,8% en dessous du consensus (717 M$) en progression de 2% à pcc et stable par rapport au T3 2017. Sur le T3, le CA augmente de 6% en réel et de 8% à pcc (3 748 M$). Le FCF recule de 19 % sur le T3 après 26% au T2 (-22% sur les 9m).A retenir - Poursuite de la hausse des prix de vente dans toutes les divisions (dans une tentative de co...
>Earnings in line with expectations - Earnings in line with consensus forecasts Operating profit came to $ 1,507m (vs $ 1,470m for the consensus and $ 1,449m for Oddo-BHF). Like-for-like growth was 8.1% in Q4 after 7.1% in Q3 and beat the consensus forecast of 7.0%. In the US, growth was 11.4%, slightly higher than the 10.6% in Q3. The dividend has increased by 21% to 189.3°cents versus the consensus forecast of 162°cents (the dividend was rebased by 10%). Net debt st...
>Faits : résultats en ligne avec les attentes - Résultat en ligne avec le consensus. Le résultat opérationnel ressort à 1 507 M$ vs (1 470 M$ pour le consensus et 1 449 M$ pour Oddo BHF Securities). La croissance à pcc est de 8,1% au T4 après 7,1% au T3 et au-dessus des attentes du consensus de 7,0%. Aux États-Unis, la croissance ressort à 11,4%, légèrement supérieure au T3 à 10,6%. Le dividende est en progression de 21% à 189,3°c contre un consensus de 162°c (le divi...
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