The second part of the week is confirmed in decline for Piazza Affari, which is also back today. The Ftse Mib index marks a drop of 0.6% to 24,429.41 points, repeating the decline of the eve. Among the securities in the main basket, bad Inwit (-2.4%), as well as Telecom Italia (-2.6%), with the latter paying for the tensions on the single network front. The latest press rumors see Minister Colao unwilling to grant TIM control of the company that would arise from the union of the TIM network with Open Fiber.
Intesa Sanpaolo was also slightly down (-0.4%) despite HSBC having raised the target price to 2.7 euros, confirming the buy on the stock.
Atlantia is doing well today (+ 0.6%) after the official confirmation of Florentino Perez’s ACS interest in a stake in Autostrade per l’Italia (Aspi). After the declarations of the past few days, Perez sent an official letter to the board of directors of Atlantia in which an interest was expressed (possibly also together with other potential investors) in the acquisition of a stake in Aspi. Among the investors in question there would be CDP. Aspi would be estimated at approximately between 9 and 10 billion euros. “On the basis of public information and some first high-level evaluative analyzes conducted internally by Acs, we evaluate Aspi (100%) in a range between 9 and 10 billion euros, which we believe represents a captivating valuation of the company”, he underlines Perez in his letter.
Piatta Moncler which published the consensus on revenues for the first quarter of 2021, based on the estimates of 18 analysts. Group revenues are seen at € 361.2 million (+ 17% reported or + 19% total ex FX). In detail, the growth was mainly driven by Retail with 281.2 million (+ 19% y / y), while wholesale is seen at 80 million (+ 8%). Mediobanca Securities, which at the beginning of the month restarted coverage on Moncler with outperform and target price of 60 euros, it presents estimates slightly lower than the consensus published, forecasting total revenues of 353 million (+ 14% y / y) with retail sales at + 15% and wholesale sales at + 10%. “After the 2020 results and the acquisition of Stone Island, Mediobanca’s positive positioning on the stock is motivated by four factors: 1) Best position to overcome the macro headwinds: 2) Positive start of 2021; 3) Confidence in a rapid recovery to pre-crisis levels; 4) M&A opportunities.
Outside the Ftse Mib, Tod’s exploit of the day came to earn more than 14% above 32 euros. Ferragni’s entry into the board of directors inflamed the title. “Believing it increasingly important to deal with social commitment, solidarity towards others and sustainability in respect of the environment and dialogue with the younger generations, the Tod’s group appoints Chiara Ferragni as a member of the board of directors”, reads a note from the Tod’s group. .