(Boursier.com) — THE TREND
Calmly, due to a public holiday, the CAC40 rose 0.35% to 8,195 points this Monday, after two consolidation sessions. Despite everything, we will note among the events of the day, a very nice order for Airbus from Saudi Arabia, an M&A operation in video games which indirectly benefited Ubisoft and other players in the compartment, while Atos continues to be talked about… In Asia, the “historic” measures taken by Beijing to restore the real estate sector, the main brake on growth in the world’s second largest economy, also supported the indices in the morning.
On the oil market, the death of Iranian President Ebrahim Raïssi in a helicopter accident on Sunday ultimately had only a fairly limited impact on crude prices, with a barrel of Brent below $84. The euro/dollar parity reached $1.0865 and Bitcoin reached $67,260. Finally, an ounce of gold is still trading high at $2,422.
RISING VALUES
Clariane soars by 20% after announcing on Friday capital increase operations intended to strengthen its financial structure for a maximum total amount of around 328 million euros. The retirement home manager will welcome the HLD Europe group as a new major shareholder. HLD Europe will subscribe for a 20% stake in the capital as part of a reserved capital increase, which will be put to the vote at the next shareholders’ meeting on June 10.
Ramsay takes 14% followed by Innate (+10%) and Genfit (+9%) with LNA
Nacon rises by 7% followed byUbisoft which takes 4% to 22 euros. According to our information, Cantor has raised its recommendation on the video game publisher to ‘overweight’ with a target of 27 euros. Separately, EQT is in advanced discussions to buy British video game company Keywords Studios for 2.2 billion pounds.
BigBen is also growing by 4%…
SMCP : +3% with Equasens, Emeis, Teleperformance, Savencia
Rexel : +2.5% with Vallourec, SG, Aubay
Eramet : +1.5% in the company of SopraSteria, STEF, Air France KLM and Air Liquide
JC Decaux rises 1% with Thales
Airbus gains 1% at 160 euros. Saudi Arabia’s national carrier, Saudia, will acquire 105 single-aisle aircraft from the European giant as the Kingdom invests billions of dollars to transform the country into an aviation and tourism hub. The deal – which includes 93 A321neos and 12 A320neos – is the largest in Saudia’s 80-year history, explains ‘Bloomberg’. The order would have been larger but the European aircraft manufacturer was not able to provide additional delivery slots before 2032, the airline said. “We need more than 180 planes but there are no slots,” Saudia spokesperson Abdullah Alshahrani told ‘Bloomberg’. “We need the planes now. This is our request.” Saudia should start receiving single-aisle aircraft from 2026, around half of which will be entrusted to its low-cost subsidiary Flyadeal.
FALLING VALUES
McPhy falls by 13% followed by Coty (-4.5%) and GG (-3.5%) with Valneva
Score yields 3.5%. Victim of strong sell-offs on Friday after the announcement of disappointing quarterly results, the reinsurer is this time paying the price of a note from HSBC which downgraded the file to ‘keep’ while reducing its target from 38 to 33 euros. Oddo BHF, for its part, reiterates its ‘outperform’ recommendation on the stock with a target of 36 euros. The stock’s sharp drop on Friday appears exaggerated, according to the broker. The group is indeed benefiting from an improvement in its underlying property and casualty profitability and it seems too early to deduce from Q1 alone a structural deterioration in life reinsurance profitability, knowing that if this were to be the case, the group would then carry out clear actions to improve profitability…
Dare : -3% followed by Thermador (-2.5%) with Euronext
Forvia : -1.5% in the company of Plastic Omnium, Waga, Virbac
Voltalia : -1% followed by OVH, Carrefour, URW, Renault, Trigano, Claranova
Atos (stable). The group’s bond creditors would have rejected the takeover offer from billionaire Daniel Kretinsky, considering that the project was “incompatible” with their intentions, reported ‘La Tribune’ this weekend… The financial media specifies that the creditors bondholders judge that the plan to erase almost all of Atos’ debt led by Daniel Kretinsky, in partnership with the Attestor fund, as well as the fear of a piecemeal sale, are not compatible with their wishes to convert a lower level of debt into capital and maintain the integrity of the group.
Danone (stable). The agri-food giant has completed the sale of its EDP activities in Russia to Vamin R LLC, following obtaining the required Russian regulatory authorizations as announced on March 22.