We are initiating coverage of Bankinter which is the Spain’s sixth-largest bank. It was founded in 1965 as an industrial bank through a joint venture…
We initiate coverage of Hellofresh, the global leader in the growing meal-kit market, with a Buy recommendation and 24% upside. Not everyone was negatively affected…
The Chinese Communist Party’s celebration of its first century in power was a perfectly oiled and impressive affair. While there was no fresh agenda released…
Crude oil prices are at a two-year high thanks to an improving demand outlook and a disciplined OPEC+. Furthermore, Iran’s long-awaited return is being delayed,…
The unprecedented pandemic definitely turned majors into stronger firms and mid-weights into weaker ones. L’Oréal jointly with French luxury stocks (encapsulated under the Khôl* moniker by AlphaValue) have become…
The EU increases its commitment to the Paris agreement with a 55% reduction target in CO2 emissions by 2030, the EU Emissions Trading System (EU…
We have fully revamped our investment case on Electricité de France (EDF) in the light of recent improvements on the regulatory front. After a long…
Europe has discovered, hopefully not too late, that sovereignty still matters. The vast majority of central banks is contemplating the issue of a digital version…
Engie has changed a lot over the last 2-3 years, but the French utilities company is only in the middle of its long and thorough…
Tracking sector rotations has been a tiring exercise so far this year with sentiment changing fast about growth, central banks’ next stop, the pandemic capitulating…