Montea C.V.A.

Montea Sca. Montea Comm VA, formerly Montea CVA, is a Belgium-based real estate investment trust specialized in logistics and semi-industrial real estate in Belgium, the Netherlands and France. The Company's property portfolio represents approximately a surface of 584,694 Square meters (m2) across 37 sites. Its group companies include, among others, Montea Management NV, Montea Comm. VA, Acer Park NV, Montea Nederland NV, Montea Almere NV, Montea Rotterdam NV, SCI Actipole Cambrai, SCI Sagittaire, SCI Saxo, SCI Sevigne, SCI Socrate and SCI 3R. In addition, the Company also partners with Decathlon.
  • TickerMONT
  • ISINBE0003853703
  • ExchangeEuronext Brussels
  • SectorReal Estate Investment Trusts
  • CountryBelgium
Jason Kalamboussis ...
  • Joachim Vansanten
  • Michiel Declercq
  • Ruben Devos
  • Wido Jongman
  • Wim Hoste

Morning Note: MONT BB, NN NA, PROX BB, QRF BB, SOLV BB

Montea: Expanding into Germany NN Group: CMD: Ambitious strategy, not yielding to pressure Proximus: Launch of new family offer, Flex Qrf: JV Bondgenotenlaan in Leuven closed Solvac: Lowering TP after Solvay’s trading update

A double requalification allows MONTEA COMM VA to improve to Slightly Positive

MONTEA COMM VA (BE), a company active in the Real Estate Holding & Development industry, has received a double requalification by the independent financial analyst theScreener. Its fundamental valuation is now 3 out of 4 stars while its market behaviour can be considered as defensive. theScreener believes that the gain of a star(s) and an improvement in the market risk perception allows upgrading the general evaluation to Slightly Positive. As of the analysis date May 15, 2020, the closing price was EUR 85.10 and its potential was estimated at EUR 100.20.

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...

Joachim Vansanten ...
  • Wido Jongman

Benelux Sector Note: A fundamental Buy on Logistics

Buy logistic players. While the sector is not immune to Covid-19, the elevated short-term risk profile is mitigated because of 4 factors: 1) Fundamentally, demand is strong, driven by an accelerated take-up in e-commerce, further nearshoring and a move away from ultra-thin supply chains. 2) The short-run impact is (partly) mitigated as result of temporary storage needs and a boost in e-commerce. 3) We evidence in this note that the companies in our universe have healthy balance sheets to weather the storm. 4) We argue that valuations are resilient for potential Covid-19 impact.

Montea: 1 director sold

A director at Montea sold 100,000 shares at 78.000EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Montea: 1 director sold

A director at Montea sold 100,000 shares at 78.000EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Jason Kalamboussis ...
  • Joachim Vansanten
  • Michiel Declercq
  • Ruben Devos
  • Wido Jongman
  • Wim Hoste

Morning Note: MONT BB, NN NA, PROX BB, QRF BB, SOLV BB

Montea: Expanding into Germany NN Group: CMD: Ambitious strategy, not yielding to pressure Proximus: Launch of new family offer, Flex Qrf: JV Bondgenotenlaan in Leuven closed Solvac: Lowering TP after Solvay’s trading update

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...

Joachim Vansanten ...
  • Wido Jongman

Benelux Sector Note: A fundamental Buy on Logistics

Buy logistic players. While the sector is not immune to Covid-19, the elevated short-term risk profile is mitigated because of 4 factors: 1) Fundamentally, demand is strong, driven by an accelerated take-up in e-commerce, further nearshoring and a move away from ultra-thin supply chains. 2) The short-run impact is (partly) mitigated as result of temporary storage needs and a boost in e-commerce. 3) We evidence in this note that the companies in our universe have healthy balance sheets to weather the storm. 4) We argue that valuations are resilient for potential Covid-19 impact.

ING
Albert Ploegh, CEFA ...
  • David Vagman, CFA
  • Hans D’Haese
  • Marc Hesselink, CFA
  • Marc Zwartsenburg, CEFA
  • Maxime Stranart
  • Quirijn Mulder
  • Reginald Watson, CFA
  • Stijn Demeester
  • Tijs Hollestelle

Benelux thematic equity research/Covid-19 scenario analysis

The ING Benelux equity research team has performed a Covid-19 scenario analysis in order to provide a reference point for investors and to test if stocks: (a) have been relatively oversold in comparison to their earnings risk; (b) still provide downside risk; and/or have balance issues in a Covid-19 scenario; and (c) could bounce sharply if a vaccine is found; or (d) benefit relatively from the crisis. Our analysis results in lists of stocks that we consider: (1) low earnings risk, with attractive risk-reward; (2) high earnings risk but already heavily sold off; (3) to have downside risk and/o...

Alan Vandenberghe ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur
  • Wido Jongman
  • Wim Hoste

Morning Note: ABN NA, AD NA, ARCAD NA, BAR BB, DSM NA, ENX FP, FAGR BB, INTO BB, KIN BB, MONT BB, NN NA, REN NA, SBMO NA, SIP BB, VPK NA

ABN Amro: 4Q CC: some positives, but slippery outlook Ahold Delhaize: Lifting estimates post FY19 reporting Arcadis: Solid 4Q19 operational performance Barco: On a sustainable profitable growth path DSM: 4Q EBITDA +3% underlying, 1% above estimates Euronext: 4Q19: Solid top line; one-offs weighing on result Fagron: Topline slightly below expectations, strong margins IO&W: FY19 Results better than expected Kinepolis: Free to open new Belgian cinemas from August’21 Montea: FY19: All targets achieved NN Group: Strong results, SBB, upgrading to BUY RELX Group: Slightly better FY results, Volatile ...

A double requalification allows MONTEA COMM VA to improve to Slightly Positive

MONTEA COMM VA (BE), a company active in the Real Estate Holding & Development industry, has received a double requalification by the independent financial analyst theScreener. Its fundamental valuation is now 3 out of 4 stars while its market behaviour can be considered as defensive. theScreener believes that the gain of a star(s) and an improvement in the market risk perception allows upgrading the general evaluation to Slightly Positive. As of the analysis date May 15, 2020, the closing price was EUR 85.10 and its potential was estimated at EUR 100.20.

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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