Cie d'Entreprises CFE

CFE is engaged in civil engineering, buildings and industrial construction, dredging works and electrical installations. Co. is also engaged in property development, environmental protection and building management. Co.'s works carried on by Co.'s civil engineering group includes the following: hydraulic engineering, harbor works, bridges, and other engineering works, tunnels, road construction, dams, storage tanks, piping and drainage and caissons sunken soft soil. Co.'s buildings and industrial construction sector is active in the following fields: administrative buildings, industrial construction, public utility buildings, redevelopment, and residential buildings.
  • TickerCFEB
  • ISINBE0003883031
  • ExchangeEuronext Brussels
  • SectorConstruction & Materials
  • CountryBelgium

AANNEMINGSMAATSCHAPPIJ suffers a double requalification, which weighs heavily on its rating, now at Slightly Negative.

The independent financial analyst theScreener just downgraded the general evaluation of AANNEMINGSMAATSCHAPPIJ (BE), active in the Heavy Construction industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date July 10, 2020, the closing price was EUR 56.90 and its target price was estimated at EUR...

Bart Cuypers ...
  • Jason Kalamboussis
  • Ruben Devos

Morning Note: CFEB BB, NN NA, OBEL BB

CFE: Moray East foundation installation has kicked off NN Group: Interim could be paid after all, not following DNB Orange Belgium: Appointment of new CEO, Xavier Pichon

Bart Cuypers ...
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Michiel Declercq
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wido Jongman

Morning Note: ACKB BB, AED BB, ASRNL NA, CFEB BB, ELI BB, GIMB BB, HAL NA, HOMI BB, IVA FP, MITRA BB, ROU BB, TWEKA NA

Ackermans: 1Q Trading update Aedifica: 3Q19-20 trading update ASR: Weak 1Q, profit warning. Solid Solvency though. CFE: Soft DEME revenue and strongly impacted FY20 Elia Group: Steady as she goes Gimv: FY19/20 Results imply a large premium Hal Trust: 1Q20 Update Home Invest Belgium: 1Q20 Results show signs of improvement Inventiva: € 10m government-backed loan secured Mithra: Estelle NDS filed in Canada. Potential launch mid-21. Roularta: Qualitative trading update TKH Group: Forward EPS lowered by 25-35%, new TP of € 45

ING
ING Helpdesk

Benelux Morning Notes

a.s.r.: Trading update - more plusses than minuses. Ackermans & van Haaren: FY20 net result to be hit by Covid-19 but remain positive. Basic-Fit: update on NL lock-down, Tuesday update on potential opening before 1 Sept. CFE: No unexpected Covid-19 impact, net debt rising. Elia: Solid as a grid, virtually no Covid-19 impact in FY20. Food Retail sector: Walmart 1Q20/21 results. GIMV: Hit heavily by the market

ING
ING Helpdesk

Benelux Morning Notes

CFE: Preview - limited 1Q20 impact but what's ahead? Flow Traders: Strategic investment in a new US equities exchange. NIBC: Transaction-related business plan uncertainty remains. NN Group: NN Life longevity transaction (SII ratio +17ppt)

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global Equities Beginning a New Leg Higher Positive technical developments have continued and global equities are now breaking out to new highs -- something we noted was increasingly likely in last week's Int'l Compass. These breakouts and other technical developments highlighted below argue that this is the beginning of a new leg higher. Now is the time to be playing offense. • MSCI ACWI, EAFE, and STOXX Europe 600 are Breaking Out. The ACWI, EAFE, and STOXX 600 are making bullish inflections, following in the footsteps of MSCI EM and Japan. The proliferation of breakouts is building a stro...

Bart Cuypers ...
  • Jason Kalamboussis
  • Ruben Devos

Morning Note: CFEB BB, NN NA, OBEL BB

CFE: Moray East foundation installation has kicked off NN Group: Interim could be paid after all, not following DNB Orange Belgium: Appointment of new CEO, Xavier Pichon

Bart Cuypers ...
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Michiel Declercq
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wido Jongman

Morning Note: ACKB BB, AED BB, ASRNL NA, CFEB BB, ELI BB, GIMB BB, HAL NA, HOMI BB, IVA FP, MITRA BB, ROU BB, TWEKA NA

Ackermans: 1Q Trading update Aedifica: 3Q19-20 trading update ASR: Weak 1Q, profit warning. Solid Solvency though. CFE: Soft DEME revenue and strongly impacted FY20 Elia Group: Steady as she goes Gimv: FY19/20 Results imply a large premium Hal Trust: 1Q20 Update Home Invest Belgium: 1Q20 Results show signs of improvement Inventiva: € 10m government-backed loan secured Mithra: Estelle NDS filed in Canada. Potential launch mid-21. Roularta: Qualitative trading update TKH Group: Forward EPS lowered by 25-35%, new TP of € 45

ING
ING Helpdesk

Benelux Morning Notes

a.s.r.: Trading update - more plusses than minuses. Ackermans & van Haaren: FY20 net result to be hit by Covid-19 but remain positive. Basic-Fit: update on NL lock-down, Tuesday update on potential opening before 1 Sept. CFE: No unexpected Covid-19 impact, net debt rising. Elia: Solid as a grid, virtually no Covid-19 impact in FY20. Food Retail sector: Walmart 1Q20/21 results. GIMV: Hit heavily by the market

ING
ING Helpdesk

Benelux Morning Notes

CFE: Preview - limited 1Q20 impact but what's ahead? Flow Traders: Strategic investment in a new US equities exchange. NIBC: Transaction-related business plan uncertainty remains. NN Group: NN Life longevity transaction (SII ratio +17ppt)

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...

AANNEMINGSMAATSCHAPPIJ suffers a double requalification, which weighs heavily on its rating, now at Slightly Negative.

The independent financial analyst theScreener just downgraded the general evaluation of AANNEMINGSMAATSCHAPPIJ (BE), active in the Heavy Construction industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date July 10, 2020, the closing price was EUR 56.90 and its target price was estimated at EUR...

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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