Brunel International N.V.

Accrued employee expensesBrunel is a global provider of business services that specializes in the flexible placement of professionals in the fields of Engineering, IT, Legal, Finance, Insurance & Banking and Energy. Co. provides such specialists through a range of staffing, project management, recruitment and consultancy services. Co. serves the world market for professional staffing and recruitment services from two main perspectives. On the one hand, Co. aims its services at specific supra-regional business lines. On the other hand, Co. focuses on specific countries such as The Netherlands, Germany, Belgium and Canada.
  • TickerBRNL
  • ISINNL0010776944
  • ExchangeEuronext Amsterdam
  • SectorSupport Services
  • CountryNetherlands

BRUNEL INTL.NV sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of BRUNEL INTL.NV (NL), active in the Business Training & Employment Agencies industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date July 3, 2020, the closing price was EUR 6.29 and its target price was estimated at EUR 4.50.

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Opportunities in Europe, Japan As markets pull back amid the tariff saga we continue to believe this is an attractive time to add exposure. This view is supported by the technicals with all major global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) pulling back to their respective 200-day moving averages... see charts below. • Actionable Sectors: Services and Consumer Staples in Europe and Japan. We often view the Services Sector as a defensive way to invest in Technology. We also highlight several Consumer Staples stocks within Europe (the STOXX 600 Food & Beverage index remains leadersh...

Alan Vandenberghe ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jason Kalamboussis
  • Joachim Vansanten
  • Marcel Achterberg
  • Michiel Declercq
  • Ruben Devos
  • Wido Jongman
  • Wim Hoste

Morning Note: ACKB BB, ASM NA, ASML NA, BESI NA, BRNL NA, CRBN NA, DIE BB, ELI BB, FUR NA, KPN NA, BOLS NA, PROX BB, RTL BB, SOLB BB, TNET BB, UMI BB, VAN BB, XFAB FP, XIOR BB

Ackermans: Quality Over Quantity ASM International: Lower Estimates and TP Due to COVID-19, BUY ASML: Lower Estimates and TP, Downgrade to Hold BESI: 1Q20 offers mixed picture Brunel International: Holding up in 1Q20, with a challenging 2Q20 ahead Corbion: Solid start of the year with 1Q EBITDA +27% D'Ieteren: Royalty in the portfolio Elia Group: Company note - Quality comes at a price Fugro: Acceptable Q1, low FY20 visibility KPN: Q1 a mixed bag, FY20 outlook maintained for now Lucas Bols: Preliminary FY figures and COVID-19 update Proximus: Q1 beat driven by cost cuts, Operational KPIs soft ...

Alan Vandenberghe ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Jason Kalamboussis
  • Michiel Declercq
  • Ruben Devos
  • Wim Hoste

Thematic Note : Oil My Glut

The current COVID-19 crisis has paralyzed the world economy and pushed down oil prices to extreme low territories. OPEC+’s responsive production cuts have so far been as much as a drop in a bucket of falling demand. Oil majors have been among the first to announce significant Capex and Opex reductions for 2020, having a rippling effect throughout the eco system. In the following, we have taken a look at the oil situation so far and to what extent we believe the companies under our KBC Securities coverage could have negative, or even positive effects from the current low oil price environment....

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

Morning Note: BRNL NA, EXM BB, HAL NA, IBAB BB, JEN BB, SOF BB, TNET BB, WDP BB

Brunel International: Update on COVID-19 impact EXMAR: FY19 results in line, FSRU still in arbitrage Hal Trust: FY19: GV & Vopak pushing up NAV IBA: Ready to weather the storm if needed Jensen-Group: COVID-19: manageable but significant FY20 impact Sofina: Quality Comes at a Price Telenet: Maintains gross final DPS of € 1.30 WDP: Covid-19 update

Bart Cuypers ...
  • Cedric Duinslaeger
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wido Jongman
  • Wim Hoste

Morning Note: AGN NA, AKZA NA, BEFB BB, BRNL NA, COFB BB, EXM BB, FAGR BB, REL LN, RTL BB, SBMO NA

AEGON: Selling the silverware tells it all: Downgrading Akzo Nobel: Feedback Investor Seminar Befimmo: FY19 Results as expected Brunel International: Home markets pressured, other regions growing Cofinimmo: FY19 Results in line with expectations EXMAR: Corona delays restricted cash release Fagron: Narrative shifting from opportunities to risks RELX Group: 7% EPS growth estimate in 2020, TP goes to £ 19.5 RTL Group: M6 results better than exp. on strong ad revs SBM Offshore: FY19 Conf Call Feedback

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior