Bekaert S.A. N.V.

Bekaert is a global technological and market company engaged in advanced solutions based in steel wire transformation and coatings as well as an independent manufacturer of drawn steel wire products. In addition, Co. teams up with customers and suppliers globally to develop, implement, upgrade, and protect both current and future technologies. Co.'s business activities are put in practice along two main axes: Product Innovation and Process Innovation. Product Innovation helps Co. better serve its customers, while Process innovation enables Co. to increase operational effectiveness, minimizing its impact on the environment.
  • TickerBEKB
  • ISINBE0974258874
  • ExchangeEuronext Brussels
  • SectorIndustrial Metals & Mining
  • CountryBelgium
Guy Sips ...
  • Wim Hoste

Morning Note: BALTA BB, BAR BB, BEKB BB, KIN BB

Balta: 2Q revenue -36.5% Barco: 1H preview: looking for a “Silver lining on Covid-19” Bekaert: Sells Hemiksem site Kinepolis: Mouth masks will be compulsory in Belgian cinemas

Alan Vandenberghe ...
  • Guy Sips
  • Joachim Vansanten
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur
  • Wim Hoste

Morning Note: ATEB BB, BAR BB, BEKB BB, COLR BB, FLOW NA, PNL NA, UCB BB

Atenor: Capital increase for € 77.4m Barco: Expansion of Muvi relationship: 400 new screens Bekaert: Read-through from Michelin tire market data Colruyt: Soft numbers and loss of market share Flow Traders: May ETP market statistics PostNL: Interim trading update UCB: Bime in the top league of biologics for inflammation

Alan Vandenberghe ...
  • Jason Kalamboussis
  • Michiel Declercq
  • Ruben Devos
  • Wim Hoste

Feedback Virtual Benelux Conference

On Thursday 28 May 2020, KBC Securities hosted its first 100% virtual Flagship Conference. 10 out of the 11 companies were represented by C-level management. The conference was well-attended as we welcomed over 100 national and international investors. We planned around 60 meetings over the day, combining one on ones and group meetings. The preliminary feedback gathered from both investors and companies, is extremely positive. Many investors got the opportunity to dig deeper into selected investment cases and some discovered interesting new companies. In this document, we summarize the main ...

Valérie GASTALDY

Short term view - BEKAERT NV : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €20.94. The next target is at €16.67, then €14.69. Passing €24.34 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - BEKAERT NV : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 20,94 € prochainement. Le prochain objectif est à 16,67 €, puis 14,69 €. Le franchissement de 24,34 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - BEKAERT NV : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €16.67. The background trend would be questioned should prices rise above €24.34.

Valérie GASTALDY

Analyse court terme - BEKAERT NV : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 16,67 €. La tendance de fond serait remise en cause en cas de franchissement de 24,34 €.

Matthieu DRIOL

Medium term view - BEKAERT NV : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €19.58, then €16.67. Passing €33.98 would question the continuation of the fall.

Guy Sips ...
  • Wim Hoste

Morning Note: BALTA BB, BAR BB, BEKB BB, KIN BB

Balta: 2Q revenue -36.5% Barco: 1H preview: looking for a “Silver lining on Covid-19” Bekaert: Sells Hemiksem site Kinepolis: Mouth masks will be compulsory in Belgian cinemas

Alan Vandenberghe ...
  • Guy Sips
  • Joachim Vansanten
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur
  • Wim Hoste

Morning Note: ATEB BB, BAR BB, BEKB BB, COLR BB, FLOW NA, PNL NA, UCB BB

Atenor: Capital increase for € 77.4m Barco: Expansion of Muvi relationship: 400 new screens Bekaert: Read-through from Michelin tire market data Colruyt: Soft numbers and loss of market share Flow Traders: May ETP market statistics PostNL: Interim trading update UCB: Bime in the top league of biologics for inflammation

Alan Vandenberghe ...
  • Jason Kalamboussis
  • Michiel Declercq
  • Ruben Devos
  • Wim Hoste

Feedback Virtual Benelux Conference

On Thursday 28 May 2020, KBC Securities hosted its first 100% virtual Flagship Conference. 10 out of the 11 companies were represented by C-level management. The conference was well-attended as we welcomed over 100 national and international investors. We planned around 60 meetings over the day, combining one on ones and group meetings. The preliminary feedback gathered from both investors and companies, is extremely positive. Many investors got the opportunity to dig deeper into selected investment cases and some discovered interesting new companies. In this document, we summarize the main ...

Bart Cuypers ...
  • Cedric Duinslaeger
  • Guy Sips
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Michiel Declercq
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur
  • Wido Jongman
  • Wim Hoste

Morning Note: AKA FP, ARGX BB, BEKB BB, BOKA NA, CFEB BB, ENX FP, EVS BB, IMMO BB, KDS NA, MONT BB, PIC BB, SBMO NA, SOF BB, TESB BB

AKKA: Forward EPS lowered by 30-50%, new TP of € 45 Argenx: Efgartigimod on track for gMG mid20, cash € 1.3bn Bekaert: Weak 1Q top line but cost control saves bottom line Boskalis: 1Q20 trading update CFE: DEME concludes the sale of its Merkur stake Euronext: Covid-19 trading supports strong CSS beat EVS: OK end April order book but no guidance for FY20 Immobel: Completes sale of 800k treasury shares Kiadis: NK-cell capabilities presented at conferences Montea: Encouraging 1Q20 update Picanol: Confirming guidance for FY20 SBM Offshore: Solid 1Q20 results, EBITDA guidance reiterated Sofina: Hig...

Wim Hoste

BEKAERT : Weak 1Q top line but cost control seems to save the bottom line for now

1Q consolidated sales dropped by 10.7% which was slightly weaker than our -9.4% forecast. The commentary of a stable leverage at 2.1x suggests a relatively resilient 1Q underlying EBITDA on the back of cost control, profit improvement & mix initiatives. We have decided to up our FY20 underlying EBIT forecast by 8%, still anticipating a 20% decline y/y and a margin falling back 50bps to 5.1% (vs the medium term target of 7%). Despite the fairly low valuation multiples and increased confidence in the contribution from cost control and profit improvement initiatives, overall visibility remains lo...

BEKAERT SA sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of BEKAERT SA (BE), active in the Diversified Industrials industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date January 10, 2020, the closing price was EUR 25.04 and its target price was estimated at EUR 22.10.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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