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CHR - Chr Hansen Holding A/S News Story

DKK569.4 9.4  1.7%

Last Trade - 22/04/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £8.57bn
Enterprise Value £10.01bn
Revenue £794.9m
Position in Universe 85th / 1829

BUZZ-European food, HPC & ingredients: JPM picks COVID-19 winners

Tue 12th January, 2021 10:40am
** JP Morgan expects food, home and personal care (HPC)
stocks to be under pressure from macro headwinds, but believes
the debate should increasingly turn to COVID-19 winners
    ** In its view, the COVID-19 crisis has accelerated trends
that were already in the making, such as online shift and
increased focus on healthy lifestyle 
    ** The broker sees a more positive end to 2020 for the
food/HPC players more exposed to at-home consumption 
    ** JPM highlights companies that will emerge better off post
COVID-19: Reckitt Benckiser  RB.L , Nestle  NESN.S  and JDE
Peet's  JDEP.AS , all rated "overweight", whose valuation looks
compelling versus peers
    ** It continues to see L’Oréal  OREP.PA  ("overweight") as a
structural winner of the online acceleration in Western markets 
  
    ** On reopening/turnaround trade, the brokerage favours
"overweight"-rated Henkel  HNKG_p.DE  and Ontex  ONTEX.BR 


 ((marta.frackowiak@thomsonreuters.com))
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