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 Azur had supplied solar cells for the panels of the Juice probe, of the European Space Agency, on a mission to explore the icy moons of Jupiter.
The management of 5N Plus estimates that this project will bring in approximately CAN 7 million.
Relaunch of Cogeco Communications stock will likely require clarification around spending on potential wireless breakthrough through mobile virtual network operator deal, but also on what Rogers intends to do of its shares in the Quebec company. Either way, TD analyst Vince Valentini thinks the fears are overblown. Rogers controls 37% of the shares of Cogeco Communications and 43% of those of parent company Cogeco.
The announcement earlier this week of the purchase of Gatineau cannabis producer Hexo by its competitor Tilray leaves observers wondering. 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 believes 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 Rogers-Shaw-Quebecor transaction could lead to increased pricing pressure in the Canadian telecommunications sector. As a result, Scotia analyst Maher Yaghi withdrew his buy recommendation on Montreal-based BCE on Monday. They are now only 4 analysts out of 18 to propose the purchase of the title of BCE.
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 firm of Raymond James.
“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 measure.
On Bay Street, only two out of seven analysts recommend buying the stock.
The upcoming arrival at Air Canada of a former Bombardier executive is viewed favorably by CIBC analyst Kevin Chiang. He does not foresee any change to the capital allocation strategy following Tuesday’s announcement 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 again overweight stocks of big tech companies, 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 US banks, saying it is concerned that regional banks will come under scrutiny from the regulator and face the same requirements as large banks . Exposure to the US real estate sector, which will suffer from reduced lending volumes, is also being lowered, the firm’s monthly letter said.
Quebec securities of Quebecor and CGI reached a new high of the last 52 on the Toronto Stock Exchange this week. By contrast, Dorel, Lion and Taiga hit a 52-week low this week.
