Report
Alan Vandenberghe ...
  • Guy Sips
  • Michiel Declercq
  • Thomas Couvreur
  • Wim Hoste

Morning Note: DSM NA, HAL NA, MIKO BB

DSM: Buys Amyris’ Flavor & Fragrance bio-intermediates
Hal Trust: FY20: conservative NAV of € 150ps
Miko: From AccumuLATE to BUY after sale of plastics
Various: Rising interest rates: Fear or Praise?
Underlyings
HAL Trust

HAL Trust is the trust holding company for HAL Holding N.V. Co.'s only asset is the outstanding shares of HAL Holding N.V. Co.'s strategy is to invest in companies where it can play an active role as shareholder and board member. Co. invests mainly in industrial and real estate companies.

Koninklijke DSM N.V.

Royal DSM is engaged in the creation of products and services in Life Sciences and Materials Sciences. Co.'s products and services are used globally in range of markets and applications in healthcare, pharmaceutical automotive and chemicals sectors. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrics and electronics, life protection and housing. The activities of Co. are grouped into four clusters: Nutrition, Pharma, Performance Materials and Polymer Intermediates.

Miko N.V.

Miko SA. Miko NV is a Belgium-based company that is engaged coffee and snacks service and plastic packaging sectors. The Company's coffee segment delivers Its products to the out-of-home market, such as coffee, fruits, water and other beverages, snacks and sweets that are consumed outside the private home, in places like offices, businesses and restaurants. Within the Plastics segment, the Company manufactures plastic packaging products, among others for the food industry and the homecare sector, such as bubble wraps for laundry detergent. Miko NV has subsidiaries in the United Kingdom, France, the Netherlands, Germany, Poland, the Czech Republic, Slovakia, Sweden, Denmark and Australia. It also sells its coffee concepts through independent distributors in thirty countries in Europe, among others.

Provider
KBC Securities
KBC Securities

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Analysts
Alan Vandenberghe

Guy Sips

Michiel Declercq

Thomas Couvreur

Wim Hoste

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