The Montreal producer of technological materials 5N Plus is participating in its own way in a mission to Jupiter.
The management of this semiconductor specialist announced on Friday that its subsidiary Azure provided solar cells for the probe panels Juiceof the European Space Agency, on a mission to explore the icy moons of Jupiter.
The direction of 5N More estimates that this project brings him about 7 million CAN.
The relaunch of the title of Cogeco Communications will likely require clarification around the expenses associated with a potential wireless breakthrough through a mobile virtual network operator agreement, but also about what Rogers intends to make its shares of the Quebec company. Either way, TD analyst Vince Valentini thinks fears are overblown. Rogers controls 37% of the shares of Cogeco Communications and 43% of those of the parent company Cogeco.
The announcement earlier this week of the purchase of the Gatineau cannabis producer Hexo by its competitor Tilray leaves pensive observers. The result is difficult to judge, according to analyst Frederico Gomes of the firm ATB Capital Markets. While he sees the potential for synergies to be realized and agrees that Hexo holds a valuable asset in Redecan (an acquisition completed in 2021), he feels that the value attributed to Hexo is possibly too generous. He also points out that Hexo has lost market share and historically attempts to gain market share in the Canadian cannabis industry have failed.
“The success of the transaction will depend on Tilray’s ability to avoid market share erosion in an industry that remains fragmented and overly competitive,” he said.
The combination of increased regulatory risk and a change in market structure following the transaction Rogers–Shaw–Quebecor may lead to increased price pressure in the country’s telecommunications sector. As a result, Scotia analyst Maher Yaghi withdrew his buy recommendation on the Montreal-based company’s stock on Monday. ECB. They are now only 4 analysts out of 18 to suggest the purchase of the title of BCE.
The Montreal franchisor MTY would benefit from presenting a clear share buyback plan consistently quarter after quarter and presenting a capital investment program containing specific targets for net store openings and organic sales growth, according to Michael Glen, of the Raymond James firm.
“On the second point, management has only committed to improving overall net store closures in 2023, noting continued delays in acquiring permits and completing final inspections in some areas. We believe that an explicit target would provide investors with a benchmark,” says the analyst.
On Bay Street, only two out of seven analysts recommend buying the stock.
The upcoming arrival at Air Canada of a former leader of Bomber is viewed favorably by CIBC analyst Kevin Chiang. He does not foresee any change to the capital allocation strategy after the announcement on Tuesday of the retirement of Air Canada’s chief financial officer, Amos Kazzaz. His successor John Di Bert is familiar with the aviation field having worked at Bombardier from 2015 to 2020. Since John Di Bert will join Air Canada in early May but will not officially take office until after Amos’ departure Kazzaz in early July, Kevin Chiang expects a smooth transition.
Asset manager Mirabaud is overweight big tech stocks again, noting that relative earnings expectations are improving again. In a growth environment “which will remain weak in the coming quarters”, the firm is reducing its exposure to American banks, saying that it is concerned that regional banks will come under scrutiny from the regulator and will have to submit to the same requirements as the big banks. . The exposure to the US real estate sector, which will suffer from the reduction in lending volumes, is also lowered, it is specified in the monthly letter from the firm.
The Quebec titles of Quebecor And CGI reached a new high of the past 52 on the Toronto Stock Exchange this week. On the other hand, those of Dorel, Lion And Taiga hit a 52-week low this week.