ODDO : Construction: worst case not a certainty, but best case even less so

Construction markets should, for the most part, continue to reflect a slowdown in growth in 2020. A number of them may even contract (France, UK, Germany). In this context, the differentiation will primarily stem from a capacity for resilience (geographic mix and leverage/pricing), M&A (and portfolio rotation) and valuation. In the face of this new environment, we are initiating our coverage on Geberit on Reduce and downgrading our recommendations on CRH, HeidelbergCement and Vic...

ODDO : Construction : si le pire n’est pas certain, le meilleur l’est encore moins

Les marchés de la construction devraient, pour la majorité, continuer de ralentir en 2020. Certains devraient même s’afficher en recul (France, RU, Allemagne). Dans ce contexte, la différenciation se fera essentiellement sur la capacité de résistance (mix géographique et levier/pricing), le M&A (et rotation de portefeuille) et la valorisation. Face à cet environnement, nous initions Geberit en Alléger, dégradons nos opinions sur CRH, HeidelbergCement et Vicat (d’Achat à Neutre), ...

Fraport : Trafic juillet : tendance toujours positive à Francfort

>Francfort : Croissance et mix en ligne avec les attentes - Trafic passagers (pax) à Francfort : +0.8% en juillet 2019 vs juillet 2018, soit +2.6% YTD. Juillet est marqué par une légère croissance tirée par le sud de l’Europe, mais surtout un fort développement des destinations d’Afrique (notamment l’Egypte) et du Moyen-Orient. Ainsi la croissance du trafic YTD est, à ce stade, dans le milieu de fourchette de la guidance du groupe, i.e. une croissance du trafic compri...

Fraport : Traffic in July: trend still positive in Frankfurt

>Frankfurt: Growth and mix in line with expectations - Passenger traffic at Frankfurt: +0.8% in July 2019 vs July 2018, i.e. +2.6% YTD. July was characterised by sight growth buoyed by the south of Europe, but especially robust development of African destinations (notably Egypt) and in the Middle East. The YTD pace of traffic growth is, at this juncture, in the middle of the group's guidance range, i.e. traffic growth of between 2% and 3% in Frankfurt. We currently fa...

Fraport

1 director bought

A director at Fraport Ag bought 500 shares at 68.720EUR and the significance rating of the trade was 53/100. 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 showing Close periods where trading activity is restricted under listing rules. The names of board memb...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/13/2019

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ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/08/2019

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ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/08/2019

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ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/13/2019

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ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/07/2019

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Fraport

Fraport

Fraport

Fraport

With a more favourable environment, FRAPORT AG improves to Slightly Positive

FRAPORT AG (DE), a company active in the Transportation Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 15, 2019, the closing price was EUR 70.42 and its potential was estimated at EUR 74.23.

Tav Havalimanlari Holding AS - Strategy, SWOT and Corporate Finance Report

Summary Tav Havalimanlari Holding AS - Strategy, SWOT and Corporate Finance Report, 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 Tav Havalimanlari Holding A.S. (TAV) is an airport operator company. TAV provides auxiliary airport services including ground handling services, food and beverage services, security, operation services, IT services and duty-free services. The company operates airports including ...

Fraport -,AGM 28 May 2019

Agenda: We have no concerns over the agenda items at this year's AGM. Item 7: Shareholders may wish to note that the remuneration of the Supervisory Board is proposed to be increased significantly. However, as the total amounts remain well below the average among MDAX companies we recommend shareholders to support the proposed amendments.

Fraport – Proxinvest Corporate Governance Rating ® : D

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 achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

Vermilion Int'l Compass: Global Equity Strategy

Global equities consolidating We remain constructive on global equities as the MSCI ACWI, ACWI ex-U.S., and EAFE indexes consolidate above their respective 200-day moving averages. On the other hand, the MSCI EM index is breaking below its 200-day moving average and is flirting with a breakdown below 56,000 support (local currency). Weakness within EM raises concerns that global equities may also succumb to weakness... see charts below. • Global equities consolidating. We take a look at the big picture, providing overviews on broad MSCI indexes (ACWI, ACWI ex-U.S., and EAFE)... see page 2. ...