Vinci posted a good trading update. However, risks are mounting in real estate, in our opinion. Hopefully, a crash will not take place without a sharp increase in interest rates and on top of that Vinci Immobilier is only a small share of the group’s revenue contribution. Following this earnings release, we expect no change in our Add recommendation.
28 Oct 2019
Q3 19: good set of results
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Q3 19: good set of results
VINCI SA (DG:WBO) | 0 0 1.1% | Mkt Cap: 49,071m
- Published:
28 Oct 2019 -
Author:
Felix Brunotte -
Pages:
3
Vinci posted a good trading update. However, risks are mounting in real estate, in our opinion. Hopefully, a crash will not take place without a sharp increase in interest rates and on top of that Vinci Immobilier is only a small share of the group’s revenue contribution. Following this earnings release, we expect no change in our Add recommendation.