Page 24 - Sinergia 56 | 2020

PORTUGAL
MOTA‐ENGIL
AS TOP PICK FOR 2020
24
INSTITUTIONAL
CAIXABI RECENTLY RELEASED
THE LIST OF PREFERRED SHARES FOR 2020
In accordance with its annual procedure, CaixaBI released its list of preferred shares to invest on the Lisbon Stock Exchange in 2020, selecting Mota-Engil among the investment bank’s four favourites.
Showing an optimistic scenario for the Portuguese stock market, Caixa BI’s
PORTUGAL
analysts expect the markets to maintain a positive evolution, supported by the expansionist policy of the European Central Bank (ECB) and, in the Portuguese case, by the decrease in the risk premium of the Portuguese Republic.
MOTA-ENGIL:
THE “QUEEN OF CONSTRUCTION” Considered one of the ‘top picks’ for 2020, the investment bank set a target price of 2.20 euros and a ‘buy’ recommendation for the construction company, arguing that “Mota-Engil is the leading player in the Construction & Engineering sector in Portugal, maintaining a solid order book and track record, which are expected
to be sustained by the extensive public
works programme in the coming years” in the expectations of the analysts, who recall the projects for the construction
of the new airport, underground railway and railway. Additionally, the company should benefit from its presence in fast- growing markets, especially in Africa and Latin America. With respect to Africa, the bank stresses that “the operation should benefit from long-term mining contracts in markets such as Mozambique (for Vale) and Guinea (Ashanti Gold).”
ANTÓNIO MOTA AND MOTA‐ENGIL
HONOURED WITH THE 2019 PORTUGUESE-LANGUAGE AWARD
The 2019 Portuguese-Language Awards seek to honour institutions and personalities with a relevant background in economic and cultural affirmation in the Lusophone community.
Mota-Engil and its Chairman of the Board of Directors, António Mota,
were honoured with the Business Action Award, an award that sought
to highlight the Group’s 73 years of activity in Africa, in a journey initiated in Angola, with António Mota being
a recognised businessman with a special focus on the development of the Lusophone community.
The ceremony took place in the Ruy de Carvalho Auditorium, in Oeiras, with the Executive Secretary of the Community of Portuguese-speaking Countries (CPLP), Ambassador Francisco Ribeiro Telles. Several people were awarded in the ceremony in addition to António Mota, as was the case of José Ramos-Horta, former President of Timor-Leste and Nobel Peace Prize winner in 1996.
BUSINESSACTIONAWARD
António Mota recieves award