Sioen Industries N.V.

Sioen Industries. Sioen Industries NV is a Belgium-based company with a portfolio of products and activities, such as spinning, weaving and coating, manufacturing of garments, production of chemicals and processing of technical textiles. The Company has three divisions: the Coating division, engaged in the production of a number of technical textiles, coated with various polymers and marketed in different markets; The Apparel division, engaged in the production of technical protective clothing active in a number of sectors, such as industry, leisure wear and specialized markets, as well as the Chemicals division engaged in the processing of basic raw materials into technical semi-finished products, such as pigment pastes, decorative inks, varnishes and inks for digital printing for a number of markets. It operates through Ursuit Group and Verseidag Ballistic Protection OY, UV Curable systems BVBA, James Dewhurst Group and Verseidag Ballistic Protection Oy.
  • TickerSIOE
  • ISINBE0003743573
  • ExchangeEuronext Brussels
  • SectorPersonal Goods
  • CountryBelgium
Alan Vandenberghe ...
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ARGX BB, BFIT NA, DIE BB, BOLS NA, MITRA BB, ONTEX BB, SIOE BB, telecom

Argenx: € 750m in gross proceeds from the global offering Basic-Fit: NL gyms to reopen as from 1 July D'Ieteren: 1Q trading update: investment case unchanged Lucas Bols: Final FY19/20, TP cut to € 10, Hold confirmed Mithra: Estelle commercial LSA with Mayne for Australia Ontex: Double US investment Sioen: Start of share buyback program Telecom: CRC publishes final cable access tariffs

ING
ING Helpdesk

Benelux Morning Notes

Flow Traders: Investor call with CEO. Fugro: 1Q20 should be satisfactory, outlook not positive. NIBC: Tensions with BlackStone rising. NIBC: A pandemic is not a ‘Material Adverse Change' Recticel: Resilient 1Q20, divestments confirmed for 2Q20 Sioen Industries: Selected as a supplier for DIY mouth masks in Belgium

Alan Vandenberghe ...
  • Bart Cuypers
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur

Morning Note: ADYEN NA, ARCAD NA, BOKA NA, CFEB BB, ECONB BB, ENX FP, MIKO BB, MITRA BB, SIOE BB

Adyen: Covid-19 is killing cash payments Arcadis: Weathering the storm well so far Boskalis: Oil my glut – adjustment investment case CFE: Oil my glut – adjustment investment case Econocom: 1Q20 trading update Euronext: Expansion into Nordics continues Miko: Huge difference of impact between the two branches Mithra: Capital Commitment secured for € 50m with LDA Sioen: 3.4% revs decline in 1Q20, 35% sales drop in Apr’20 Various: Oil my glut

ING
ING Helpdesk

Benelux Morning Notes

Arcadis: Solid 1Q20 results, cash flow disappoints. Balta: Covid-19 update. DWS: Focus on Covid-19 impact on NNMs and MFM margins. Econocom: Very weak start to the year Euronext: Bolt-on acquisition to strengthen Post-Trade business Food Retail sector: Casino Guichard 1Q20 sales beat Signify: Long-tail balance sheet risk disappears Sioen Industries: Limited Covid-19 impact on 1Q20 sales

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....

Alan Vandenberghe ...
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ARGX BB, BFIT NA, DIE BB, BOLS NA, MITRA BB, ONTEX BB, SIOE BB, telecom

Argenx: € 750m in gross proceeds from the global offering Basic-Fit: NL gyms to reopen as from 1 July D'Ieteren: 1Q trading update: investment case unchanged Lucas Bols: Final FY19/20, TP cut to € 10, Hold confirmed Mithra: Estelle commercial LSA with Mayne for Australia Ontex: Double US investment Sioen: Start of share buyback program Telecom: CRC publishes final cable access tariffs

ING
ING Helpdesk

Benelux Morning Notes

Flow Traders: Investor call with CEO. Fugro: 1Q20 should be satisfactory, outlook not positive. NIBC: Tensions with BlackStone rising. NIBC: A pandemic is not a ‘Material Adverse Change' Recticel: Resilient 1Q20, divestments confirmed for 2Q20 Sioen Industries: Selected as a supplier for DIY mouth masks in Belgium

Alan Vandenberghe ...
  • Bart Cuypers
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur

Morning Note: ADYEN NA, ARCAD NA, BOKA NA, CFEB BB, ECONB BB, ENX FP, MIKO BB, MITRA BB, SIOE BB

Adyen: Covid-19 is killing cash payments Arcadis: Weathering the storm well so far Boskalis: Oil my glut – adjustment investment case CFE: Oil my glut – adjustment investment case Econocom: 1Q20 trading update Euronext: Expansion into Nordics continues Miko: Huge difference of impact between the two branches Mithra: Capital Commitment secured for € 50m with LDA Sioen: 3.4% revs decline in 1Q20, 35% sales drop in Apr’20 Various: Oil my glut

ING
ING Helpdesk

Benelux Morning Notes

Arcadis: Solid 1Q20 results, cash flow disappoints. Balta: Covid-19 update. DWS: Focus on Covid-19 impact on NNMs and MFM margins. Econocom: Very weak start to the year Euronext: Bolt-on acquisition to strengthen Post-Trade business Food Retail sector: Casino Guichard 1Q20 sales beat Signify: Long-tail balance sheet risk disappears Sioen Industries: Limited Covid-19 impact on 1Q20 sales

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....

SIOEN INDUSTRIES sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SIOEN INDUSTRIES (BE), a company active in the Commodity Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 21, 2020, the closing price was EUR 21.00 and its potential was estimated at EUR 25.15.

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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