Report
Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Sandra Cauwenberghs
  • Wim Hoste

KBC Securities Morning Note 15-1-2019 AD NA, DECB BB, EURN BB

Ahold Delhaize: Strategy update in Belgium
Deceuninck: Aluminium systems JV in CEE
Euronav: Sale Suezmax for FPSO conversion,$ 3m capital loss
Pharma & Biotech: Portfolio 2019 outlook & highlights
Underlyings
Deceuninck S.A.

Deceuninck is an international designer and manufacturer of PVC systems for windows and doors, cladding & roofline, interior and garden applications. The basic technology used by Co. is extrusion of PVC and patented Twinson composite material. The production process includes compounding, tool manufacturing, extrusion of gaskets and profiles, printing, PVC lamination and the patented Decoroc coating technology. Co. is active in more than 75 countries across Europe, North America and Asia and maintains nine PVC extrusion facilities capable of processing 260,000 tons of compound.

Euronav NV

Euronav is a provider of maritime shipping and offshore services engaged primarily in the transportation and storage of crude oil. As of Apr. 4, 2017, Co. owned and operated a modern fleet of 55 vessels (including four chartered-in vessels) with an aggregate carrying capacity of approximately 13.7 million deadweight tons, or dwt, consisting of 31 very large crude carriers, one ultra large crude carrier, 21 Suezmax vessels, and two floating, storage and offloading vessels. Co. has two operating segments: the operation of crude oil tankers on the international markets (tankers) and the floating production, storage and offloading operations.

Provider
KBC Securities
KBC Securities

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Analysts
Alan Vandenberghe

Cedric Duinslaeger

Sandra Cauwenberghs

Wim Hoste

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