Advertisement
Singapore markets closed

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Bitcoin USD

    63,796.01
    -2,823.06 (-4.24%)
     

  • CMC Crypto 200

    1,358.50
    -24.08 (-1.74%)
     

  • FTSE 100

    8,095.39
    +55.01 (+0.68%)
     

  • Gold

    2,340.80
    +2.40 (+0.10%)
     

  • Crude Oil

    82.97
    +0.16 (+0.19%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

SocGen picks 'first 11' stocks for Euro 2016 football

Reuters
A French Bank Societe Generale logo is seen on the facade of their building in Paris, March 3, 2016. REUTERS/Christian Hartmann

By Atul Prakash

LONDON (Reuters) - As football fans look forward to the European championship in France this summer, investment strategists have an eye on which listed companies could prove to be winners.

French bank Societe Generale got into the spirit by selecting 11 "first-team players" as stocks that could get a boost from the 24-nation tournament in June-July.

Its picks comprised gambling firm Paddy Power Betfair (PLSA.I), French construction and concession companies Vinci (SGEF.PA) and Eiffage (FOUG.PA), brewers Carlsberg (CARLb.CO) and Heineken (HEIN.AS), airlines easyJet (EZJ.L), Ryanair (RYA.I) and Air France (AIRF.PA), broadcaster ITV (ITV.L), AccorHotels (ACCP.PA) and sportswear company Adidas (ADSGn.DE).

ADVERTISEMENT

Among substitutes warming up on the sidelines, it included online bookmaker GVC (GVC.L), broadcaster TF1 (TFFP.PA), bottler Coca Cola Hellenic (CCH.L), Eurotunnel (GETP.PA) and luxury goods company Kering (PRTP.PA).

And, perhaps unsurprisingly, SocGen reckoned hosts France were worth a flutter for the title with average bookmaker odds of 10/3.

More than 2.5 million fans, including 1.5 million foreign visitors, are expected to attend matches, according to UEFA, European football's governing body.

Fans are forecast to spend about 1 billion euros ($1.14 billion) and games will be seen live in more than 230 territories around the world.

(Reporting by Atul Prakash; Editing by Keith Weir)