Download full report with analyst certification and important disclosures
May 2 2024, 16:55 IST/BST
Banks
Sinn Féin investor briefing
- Sectors : Banks
- Companies : permanent tsb Group | Cairn Homes | Glenveagh Properties | Bank of Ireland | AIB Group
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| AIB Group | OUTPERFORM | 23/01/19 | Neutral | 14/08/18 | 495c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 1036c |
| Cairn Homes | OUTPERFORM | 26/08/15 | N/A | N/A | 161c |
| Glenveagh Properties | OUTPERFORM | 10/11/17 | N/A | N/A | 131c |
| permanent tsb Group | OUTPERFORM | 04/02/21 | Neutral | 06/03/19 | 150c |
DAVY VIEW
In a recent briefing with Davy, Sinn Fein’s Pearse Doherty said that the party recognises the key strengths of the Irish economy and the need to maintain policies to support key growth drivers. On budgetary policy, it also advocates maintaining the status quo on excess corporate tax receipts. Its housing policy points to a greater state role while also recognising the importance of market participants in delivery of targets. In banking, its policies on the retention of AIB and taxation differ notably from the current government. Overall, Sinn Féin’s approach from an economic standpoint is more ‘New Labour’ than ‘Corbyn Labour’.
