Enel, Snam, Nexi, Recordati and more. Here are the companies that celebrate the election results according to Mediobanca
In the Mediobanca Securities report, with somewhat pro-government tones, the companies listed on the stock exchange are indicated that will benefit most from the stability of the government resulting – according to analysts from the Piazzetta Cuccia Institute – of the result of the regional elections
The Conte government will keep the green transition, digital transformation and direct investments in infrastructures as a priority, which supports – in terms of the Stock Exchange – the constructive opinion on Enel, Snam, Telecom Italia, Nexi and Buzzi Unicem. The strengthening of the Pd may also increase the chances of using the Mes for greater investments in the healthcare sector, with Recordati and Garofalo Hc as potential beneficiaries.
This is what emerges from a report by Mediobanca Securities analysts which takes stock of the stock market on the impacts for Italian companies after the result of the regional elections .
The outcome of the regional elections and the constitutional referendum is favorable to the government and gives it stability, even if a rebalancing of powers within the coalition cannot be ruled out. The center-right, for its part, got "decent numbers" from the vote, "but it cannot claim victory," says the report.
The vote, which assigned three regions each to the two opposing coalitions, saw 'a situation of substantial equilibrium', also confirmed by the fact that the center-right has only obtained control of a new region, the Marche which has less than 3% of the Italian population, while the vote concerned 35% of the inhabitants of the Peninsula as a whole, analysts underline. The elections of the weekend, in fact, "do not confirm the inversion in favor of the center-right parties" that emerged in the previous elections, the Mediobanca report declared in a pro-government tone.
Furthermore, the outcome of the constitutional referendum, with 69.6% of voters in favor of the reduction of parliamentarians, "can be seen as positive for the Government", because both parties of the government coalition supported it.
So, based on yesterday's results, "we do not see the conditions for a political instability that would be against the interests of both the Democratic Party and the 5S (which in the elections recorded a maximum of 11% to a minimum of 3% of the votes). But a rebalancing of powers cannot be excluded as the Democratic Party was ahead of the 5S in all the regions in which it was voted ”.
Even in this case, however, Mediobanca Securities analysts believe that the yellow government chaired by Giuseppe Conte will keep the green transition, digital transformation and direct investments in infrastructure as a priority, which supports – in terms of the stock market, according to the report summarized by Radiocor of the Sole 24 Ore group – of the constructive opinion on Enel, Snam, Telecom Italia, Nexi and Buzzi Unicem. The strengthening of the Pd may also increase the chances of using the Mes for greater investments in the healthcare sector, with Recordati and Garofalo Hc as potential beneficiaries.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/enel-snam-nexi-recordati-e-non-solo-ecco-le-societa-che-festeggiano-i-risultati-elettorali-secondo-mediobanca-referendum/ on Tue, 22 Sep 2020 14:20:13 +0000.