Produits Chimiques (PCAS)

We sincerely feel

BEARISH                                                         

on the markets

PCA.PA (ISIN: FR0000053514)

Pcas, formerly Produits Chimiques Auxiliaires Et De Synthese SA, is a France-based company engaged in the development and manufacture of complex molecules for life sciences and specialty chemicals markets. It operates through nine production sites and two main business units,

MARKET: Euronext Paris

www.pcas.fr

Fair value: 14 €
Discount: 3%
Average yearly return: 47%
Yield: 10.54%
Outperformer

January 31, 2017:

PCAS FY revenue rises to 192.0 million euros