Jan 24 2020
Recent Research
Saint-Gobain Group, Asbestos and activism
Jan 24 2020
Givaudan, Growth headwinds persist through Q4
Jan 24 2020
CPL Resources, Both divisions driving forward
Jan 23 2020
C&C, Enhanced platform, enhanced potential
Jan 23 2020
C&C
Enhanced platform, enhanced potential
Twenty months on from the Matthew Clark Bibendum (MCB) acquisition, C&C’s ambitions for its integrated platform continue to develop. MCB has quickly re-emerged as a highly relevant...
Paper & packaging
Cash generation remains robust despite earnings revisions; buy SKG and MNDI
Despite a strong performance in 2019, the current valuation of the European packaging sector does not fully reflect the structural improvement in margins and returns achieved in...
Airlines
Acute supply constraints underpin pricing optimism – our 2020 vision
The European airlines space is on an improving trajectory, both structurally and cyclically. The unwind of Brexit risk has aided sector valuations in recent months, and we believe supply...
Irish economy
Irish house price inflation should trough soon
We believe Irish residential property price inflation will soon trough as sharp price declines in late 2018 fall out of the annual comparison. This view reflects the small rise in asking...
Irish banks
Irish banks’ 2020 outlook: buffers, Brexit and politics
Irish banks’ performance in 2019 was particularly impacted by their heightened sensitivity to the lower-for-longer rate environment alongside Brexit-related volatility. For 2020, we...
Irish economy
New Irish economic forecasts
We have revised up our forecast for Irish GDP growth to 5.5% in 2020 (versus 4.1% previously), mainly on the back of strong foreign direct investment (FDI), exceptional export...
Greencore Group
A bridge too far? Assessing Greencore’s revenue growth ambitions
Across our coverage universe, the incidence of slowing growth has become more commonplace. Greencore’s recent trading proves this dynamic and prompts us to test its medium-term...
Monthly Market Monitor
A far better December; global markets gain 2.6% to finish 2019 with 23.7% advance
The MSCI AC World Index added 2.6% in December to bring the Q4 and year-to-date (ytd) gains to 7.3% and 23.7% respectively. The December climb contrasted with the 7.4% fall in the same...
Irish economy
MyHome Property Report, Q4 2019
The over-riding message from the Q4 2019 MyHome report is that buyers and sellers are waiting for clarity on Brexit, with activity set to pick up in 2020. Asking price inflation rose...
Year-end Document
2020: Irish economy stocks primed for performance
The factors that impeded the performance of stocks exposed to the fast-growing Irish economy in 2019 are now largely factored into forecasts. With valuations remaining attractive in...
